In January next year, KRW will be issued for the first time in 22 years...an annual limit of 20 trillion won

The Ministry of Strategy and Finance will issue KRW-denominated foreign exchange equilibrium fund bonds in January next year for the first time in 22 years.

The tender date is January 24 next year, with 12% to be issued in the first quarter and 40% to 45% in the first half of the year.

Next year's annual issuance limit is 20 trillion won, which will be issued in one year in full.

The issuance of won-denominated foreign exchange bonds is aimed at raising won to be built on the foreign exchange equity fund, which is needed as the government has exhausted a large amount of won accumulated in the foreign exchange fund to cope with a large tax deficit for the second consecutive year.

The external evaluation fund is a fund set up to ease exchange rate volatility.

When the exchange rate surges, it sells dollars, and when the exchange rate plunges, it buys dollars with Korean won assets to reduce volatility in the foreign exchange market.

The government originally planned to issue KRW 18 trillion worth of foreign debt from this year, but it was delayed to next year due to delays in the passage of the National Assembly.