The Bank of Korea Conducts Simple Purchase of 3 Trillion Won in Government Bonds

[Image source=Yonhap News]

[Asia Economy Reporter Seo So-jeong] The Bank of Korea will conduct a simple purchase of government bonds worth 3 trillion won.

On the afternoon of the 28th, the Bank of Korea announced on its official website that it will carry out a simple purchase of government bonds in response to the recent increase in interest rate volatility.

The securities to be purchased include 3-year, 5-year, and 10-year government bonds.

The purchase method will be a competitive bidding (electronic bidding through the Bank of Korea Financial Network) conducted for 10 minutes starting at 10 a.m. on the 29th.