Bank of Korea Selects 57 Institutions for Open Market Operations

The Bank of Korea announced on the 18th that it has selected 57 institutions eligible to participate in open market operations for the next year, as the validity period of the current institutions subject to open market operations expires at the end of this month. This number represents an increase of 20 compared to the previous period.

By sector, 23 institutions were selected for 'competitive bidding, subscription, and simple securities trading of Monetary Stabilization Bonds,' 44 institutions for 'repurchase agreement securities trading,' and 10 institutions for 'securities lending.'

The Bank of Korea explained that, considering the purpose of expanding the scope of institutions subject to open market operations, it newly selected asset management companies (7 institutions) and central associations of non-bank deposit-taking institutions (6 institutions) as institutions eligible for repurchase agreement securities trading.

A Bank of Korea official emphasized, "This is expected to contribute to enhancing the effectiveness of monetary policy and strengthening the financial market stabilization function."