FTSE Russell, the global index subsidiary of London Stock Exchange Group, said on Tuesday that South Korean government bonds will be added to the FTSE World Government Bond Index (WGBI) with inclusion starting in November 2025.“Following this confirmatory announcement regarding index inclusion, FTSE Russell encourages global financial market infrastructure providers to continue their readiness activities to support future investment in the South Korean government bond market by WGBI users and leverage the benefits of the market structure reforms,” the index provider said in a statement.
The government also allowed third-party foreign exchange and extended the won currency trading hours.“Since being placed on the FTSE Fixed Income Country Classification Watch List in September 2022, several initiatives intended to improve the accessibility of South Korean government bonds for international investors have been implemented by South Korean market authorities, which have facilitated the fulfillment of the criteria for a Market Accessibility Level of 2,” FTSE Russell said.
The finance ministry vows to further improve the accessibility until the government bonds are included in November 2025.“The MOEF is committed to continuing and strengthening its engagement with market participants to ensure a smooth index inclusion starting in November 2025, which will bring a welcomed increase in international investment in our capital markets,” said Minister of Economy and Finance Choi Sang-mok in a statement.
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