Presidential Office "Including the World Government Bond Index, High Evaluation of Macroeconomic Indicators"

With South Korea's government bonds decided to be incorporated into the World Government Bond Index, "WGBI," the president's office stressed that the international community's high evaluation of the solid macroeconomic indicators of the Korean economy was a feat.

The presidential office said in a media announcement that the government's efforts to improve the system and communicate with foreign investors were effective.

In addition to the psychological effect of enhancing the economic status, it is expected that real benefits will be significant, such as securing global government bond demand to stabilize interest rates, reducing financing costs and increasing liquidity in the foreign exchange market.

Earlier, FTSE Russell said South Korea has met the requirements for inclusion by pushing to improve its system to expand access to the government bond market, adding that South Korea's government bonds will be incorporated into the "World Government Bond Index," one of the top three global government bond indexes, from November next year.