Choi Sang-mok Succeeds in Getting the Price to Incorporate the World Government Bond Index

Choi Sang-mok, Deputy Prime Minister for Economy and Minister of Strategy and Finance, said that Korea's incorporation into the World Government Bond Index has succeeded in getting the right price in name and reality.

In a related briefing held at the Seoul Government Complex today (9th), Deputy Prime Minister Choi said, "Since the inauguration of the Yoon Suk Yeol government, it has been recognized that we have consistently pushed for foreign exchange and capital market reforms."

He then said that the Korean capital market has not been properly evaluated compared to the size of the economy or the national credit rating, and that the incorporation has been adjusted to suit the economic weight class.

Separately, Choi explained that he would replace the FTSE Russell's problematic ban on short selling with an announcement that he would reimpose short selling if the conditions promised by financial authorities were premised.