Choi Jong-gu, Ambassador for International Financial Cooperation, Explains "Significant Improvement in Korea's Government Bond Investment Environment" to Japanese Investors

Choi Jong-gu, Ambassador for International Financial Cooperation, met with major investors including Japan's public pension fund GPIF ahead of South Korea's scheduled inclusion in the World Government Bond Index (WGBI) in November to explain improvements in South Korea's foreign exchange and capital market systems.

According to the Ministry of Strategy and Finance on the 3rd, Ambassador Choi Jong-gu explained system improvements such as ▲simplification of tax exemption procedures for government bonds ▲introduction of integrated government bond accounts ▲extension of foreign exchange transaction hours to the Chief Investment Officer (CIO) of Japan's Government Pension Investment Fund (GPIF) during his visit to Tokyo from March 31 to April 1. GPIF is Japan's government-managed national pension fund and the largest public pension fund in the world by assets under management. The GPIF side expressed that the speed and scope of South Korea's improvements are impressive and hopes that the system improvements will continue in the medium to long term.

Ambassador Choi also held meetings with the CEO of Mitsubishi UFJ Asset Management and the CIO of Resona Asset Management to discuss South Korea's political and economic situation and the government bond investment environment. Japanese investors stated, "The recent improvements have significantly enhanced investment conditions," and added, "If market liberalization continues, we can expand our investments in South Korea." Ambassador Choi said, "We confirmed positive responses toward the Korean market in Japan," and added, "We will continue to actively communicate with global investors and monitor the implementation of the system improvements."

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