SEOUL, Oct 9 (Reuters) - Following are key remarks from Bank of Korea Governor Kim Choong-soo at a parliamentary auditing session on Tuesday, translated by Reuters:
ON EXPIRATION OF CURRENCY SWAP EXTENSION WITH JAPAN:
"The decision was made based on economic factors, rather than political ones."
"The decision is expected to have little effect on the market."
"South Korea did not suggest to end the currency swap extension nor did we offer to extend it."
LONG-TERM TREASURY BOND YIELDS
"There are reasons inside and outside the country that have been attributed to long-term treasury yields falling below the base rate...Internally, yields were pushed down because of hopes of a cut in interest rates. And from an offshore point of view, foreigners seem to believe investing in South Korean bonds is favourable. We are keeping a close eye on the issue."
"We will be releasing our new growth forecast numbers on Thursday, and although I cannot specify the numbers, it will be difficult for us to release an optimistic growth forecast for next year."
"4-percent growth (as assumed by the finance ministry for 2013) is not an easy thing."
(Reporting by Christine Kim; Editing by Eric Meijer and Sanjeev Miglani)
Keywords: KOREA ECONOMY/AUDIT