Kim Yunsang, Deputy Minister of Economy and Finance, Explains Government Bond Investment to Japanese Pension Funds and Asset Management Firms

Kim Yunsang, the 2nd Vice Minister of the Ministry of Economy and Finance, held meetings with chief investment officers (CIOs) of major Japanese pension funds and conducted investor briefings for asset management companies and trust banks in Tokyo, Japan, on the 4th and 5th, to promote South Korea's inclusion in the World Government Bond Index (WGBI).

According to the Ministry of Economy and Finance on the 7th, Vice Minister Kim introduced the strengths of the Korean government bond market to Japanese investors, including South Korea's steady economic recovery, sound fiscal health, and high level of treasury bond liquidity, and then explained recent institutional improvements aimed at enhancing accessibility for foreign investors.

From this month, the domestic foreign exchange market trading hours have been extended to 2 a.m. the next day, and last month, the integrated government bond account was launched. Last year, tax exemption on government bond investments by foreigners and the abolition of the foreign investor registration system (IRC) were also implemented.

Vice Minister Kim said, "Along with institutional improvements, it is important that global investors actually feel the improved accessibility to government bond investments," adding, "We will continue to maintain close communication with global investors, including those in Japan."

According to the government, representatives from Japanese pension funds, asset management companies, and trust banks who attended the briefing highly evaluated the Korean government's efforts to improve accessibility to the government bond market and restructure the foreign exchange market, showing great interest by asking detailed questions.

This content was produced with the assistance of AI translation services.