'Government Bond Market Advisory Committee' to Be Officially Launched in the First Quarter

Proactive Response to Changing Conditions in the Government Bond Market

The Government Bond Market Advisory Committee (tentative name) will be officially launched as an official body in the first quarter. This move is aimed at proactively responding to changing conditions in the government bond market, such as the commencement of Korea's inclusion in the World Government Bond Index (WGBI) in April and the increase in government bond issuance volume.

Yonhap News Agency

The Ministry of Economy and Finance announced on the 8th that it will hold a preparatory meeting on the 9th, presided over by Kang Yoonjin, Director General for Treasury Policy, to launch the Government Bond Market Advisory Committee, and will listen to the opinions of institutions supporting the government bond market, research institutes, and investment institutions.

At this meeting, the Korea Development Institute (KDI) will present an outlook on the domestic and global economic environment and this year’s government bond market. Investment institutions will examine key issues and risk factors in both the domestic and international bond markets. The Ministry of Economy and Finance will explain the necessity and structure of a comprehensive advisory body with participation from various sectors, and will discuss the establishment and operation of the committee with the meeting participants.

The ministry stated, "Based on the results of this meeting, we will establish the institutional framework for the committee, including the enactment of relevant regulations for its establishment and operation," adding, "We plan to officially launch it as an official body within the first quarter."