The daily volume of Korean foreign exchange derivatives market in April, 2001
markedly increased to US$ 330million from mere US$ 10million in April, 1998 while
the classical Korean foreign exchange market as of April, 2000 decreased by 18.8%,
compared with 1998. But it is still developing stage occupying only 0.6% of global
foreign exchange derivatives market volume.
The paper would like to explore the history of Korean foreign derivatives market
development after Korean foreign exchange crisis in 1998 under IMF system, and then
make an analysis of recent movements of Korean foreign exchange derivatives .

