Bank of Korea to Issue Monetary Stabilization Bonds Worth Up to 8 Trillion Won in August

The Bank of Korea announced on July 24 that it plans to issue monetary stabilization bonds worth up to 8 trillion won next month.

This is 800 billion won more than the amount planned for issuance this month. Of the 8 trillion won, 7.2 trillion won will be issued through competitive bidding, while 600 billion to 800 billion won will be issued through a subscription method.

Next month, monetary stabilization bonds worth 2.5 trillion won will be repurchased before maturity. Monetary stabilization bonds are securities issued by the Bank of Korea to financial institutions such as banks or to the general public in order to control the money supply.

Bank of Korea building. Bank of Korea