Shares of companies that have significant presence in China, such as AmorePacific, have rebounded after South Korea and China announced the renewal of their $56 billion currency swap deal, despite tensions over a U.S. anti-missile system. The swap is significant because it accounts for nearly 46 percent of Korea’s total swap deals with other economies, and without it, Korea’s currency swap portfolio is weak as the country does not have deals with major economies of key currencies such as the U.S. and Japan. Click here to read the full article.