Deals
Korea Says No Plan to Curb Record Foreigner Bond Buying
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South Korea, which suffered a sudden outflow of capital in 2008, has no plans to curb record purchases of its debt by foreign funds and will sell 30-year bonds aimed at such investors, a finance ministry official said.
The level of foreign investment is “manageable” and no curbs are planned, Shin Hyung Chul, director general of the treasury bureau at the Ministry of Strategy and Finance, said in an April 5 interview in Gwacheon, south of Seoul. The government will “gradually increase” issuance of securities maturing in a decade or more to stabilize fundraising, he said.