Korea Finance Chief Says Conditions in Place for WGBI Inclusion
- Choi says the country has sufficient conditions and frameworks
- Goldman, Amundi expect the country’s index inclusion in 2025
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The South Korean finance minister said many of the elements required for the government debt to be the included in a major global bond index are in place, a move that is expected to spark inflow of between 50 trillion won ($37.3 billion) to 60 trillion won into the country.
“We believe we have the right conditions and frameworks in place to be included in the World Government Bond Index,” finance minister Choi Sang-Mok said in a press conference on Monday. The government has been “communicating with investors,” but it is hard to predict the outcome since the decision is up to the investors, he added.