Choo Kyung-ho "Reviewing Night Trading of Government Bond Futures... Issuing 1 Trillion Won of Government Bonds to Individual Investors Next Year"
Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho said on the 11th, "We will consider introducing night trading for 3-year and 10-year government bond futures to manage risks arising from fluctuations in overseas markets."
At the '10th KTB (Korea Treasury Bond) International Conference' held at the Conrad Hotel in Yeouido on the same day, Deputy Prime Minister Choo stated, "We will strive to help our government bond market take a step forward."
He explained, "We will also upgrade the government bond market infrastructure by newly introducing 30-year government bond futures by March next year. By listing a new government bond futures product for the first time in 16 years, we will support easier management of interest rate fluctuation risks associated with ultra-long-term government bond investments."
Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho is delivering the opening remarks at the '10th KTB (Korea Treasury Bond) International Conference' held on the afternoon of the 11th at Conrad Seoul in Yeouido.
View original imageThe government plans to complete an investment environment that meets global standards by implementing △ the abolition of the Foreign Investor Registration Certificate (IRC) from the 14th △ allowing foreign financial institutions to participate in the domestic foreign exchange market from January next year △ and launching the integrated government bond account operation in June next year.
It was also explained that individual investor government bonds to be launched in the first half of next year will be issued at an annual scale of 1 trillion won, with plans to gradually expand the issuance scale based on demand.
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Deputy Prime Minister Choo said, "The key theme of the government bond market next year is disinflation," adding, "The government will thoroughly review all conditions and make every effort to stabilize the government bond market."
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