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Samsung Electronics says to start won-yuan direct trade on March 16

2015-03-12 03:06:15| Semiconductors - Topix.net

South Korean tech giant Samsung Electronics Co Ltd said on Thursday it will start buying or selling the Chinese yuan for the won from the Seoul market on March 16. The company would use the Korean yuan-won market, which launched in December, to settle direct transactions between its headquarters and Chinese subsidiaries, a spokeswoman said. She declined to comment on details, including how big such transactions could be.

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