The move is expected to attract substantial foreign capital, primarily from passive funds, to the domestic financial market.“The government is targeting active funds,” said an investment banking source.“They are tapping institutional investors in China, Australia and Japan, who have not purchased Korean treasury bonds before.”In early January, finance ministry officials visited the Reserve Bank of Australia, the country’s largest pension fund AustraliaSuper and the Australian branches of global asset managers Franklin Templeton and Vanguard.
South Korea’s finance ministry will hold its largest-ever investor relations (IR) event for global institutional investors at the end of this month as it is preparing to issue a record volume of treasuries this year, surpassing 200 trillion won ($140 billion), according to government sources on Sunday.
APPEAL OF KOREAN BONDSAt the online IR meeting, the vice finance minister will seek to ease concerns over the potential negative impact of the new bond sales on the domestic capital market as they could absorb a substantial portion of market liquidity and restrict funding availability for Korean companies.
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