Foreigners return to Korean debt market; Korea on course to join WGBI

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Foreigners return to Korean debt market; Korea on course to join WGBI - Korea Economic Daily

Quick Summary:

He also assured foreign investors that the Korean government continues revamping the country’s capital market to ensure the seamless inclusion of Korean government bonds in the FTSE Russell’s World Government Bond Index (WGBI) in November.“We will mend related systems, such as tax exemption for foreign investors and the Korean treasuries investment process, to meet global standards,” said Choi.

Amid signs of recovery in debt investors' sentiment, the Korean government will do its utmost to restore investors’ confidence in the country’s financial market, said Korea’s Acting President Choi Sang-mok during his meeting with overseas investment bank officials on Thursday.

Foreign investors net bought 1.8 trillion won ($1.2 billion) worth of Korean government bonds in January, snapping the losing streak of foreign holdings of Korean government debts, showed data from Korea’s Ministry of Economy and Finance on Thursday.