Korean Government Bond Online Investment Briefing Held on the 25th
"Attractiveness of Korean Government Bonds Enhanced by WGBI Inclusion"
On the 25th, Kim Yunsang, the 2nd Vice Minister of Strategy and Finance, who launched the first online government bond sales targeting foreign investors, said, "Despite domestic and international uncertainties, the economic system is being maintained normally by minimizing volatility in the financial and foreign exchange markets." He also emphasized that "the policy direction of opening the government bond and foreign exchange markets and expanding global investment attraction will continue unwaveringly."
Kim Yunsang, the 2nd Vice Minister of the Ministry of Economy and Finance, is delivering opening remarks at the 'Online Investor IR' held on the 25th at the Government Seoul Office in Jongno-gu, Seoul. Provided by the Ministry of Economy and Finance
The Ministry of Strategy and Finance held the "Korean Government Bond Online Investment Briefing" chaired by Vice Minister Kim on the same day. This briefing was held to accurately explain the stable fundamentals of the Korean economy and its external credibility to overseas investors, and to actively attract new foreign investors expected to increase following the inclusion in the World Government Bond Index (WGBI).
The briefing, held online, was attended by more than 130 institutions including asset management companies located in major financial centers such as London, Hong Kong, Singapore, and Japan, as well as investment banks, pension funds, insurance companies, and hedge funds. This is the largest scale ever. In particular, in addition to global major asset management companies such as BlackRock and JP Morgan, many institutions showing new investment intentions in the Korean government bond market, including Japanese asset management companies and global hedge funds, also participated.
In his opening remarks, Vice Minister Kim said, "The rapid recovery of the CDS premium and the global credit rating agency Fitch maintaining Korea's sovereign credit rating at the highest level ever (AA-·Stable) last month reflect the strong fundamentals of Korea and the high trust of the international community in its external credibility."
He continued, "The Korean government bond market, which has grown to the 12th largest in the world, is showing a stable flow with continuous net inflows of foreign capital," adding, "along with sound fiscal and external soundness, the inclusion in the WGBI this year will further enhance its investment attractiveness."
The Ministry of Strategy and Finance stated that ahead of the official inclusion in the WGBI in November, it is making multifaceted efforts such as tax exemption and simplification of investment procedures to resolve investment difficulties for overseas investors. Going forward, it plans to continue holding briefings for overseas government bond investors both online and offline to strengthen communication and to sustain efforts to expand the demand base for government bonds by discovering new investment demand.
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