South Korea fin min: all set for bond-index inclusion push
SEOUL, Sept 10 (Reuters) -South Korea's finance minister on Tuesday said the country meets all the requirement to get sovereign bonds into a key global benchmark, although it is hard to tell whether the country can join FTSE Russell’s global bond indexthis year.
"We believe that there are various conditions and systems in place that will be sufficient for inclusion in the WGBI, but it is difficult to make any predictions as it is a situation that must be decided by investors," Choi Sang-mok said in a meeting with journalists.
South Korea was added to the FTSE World Government Bond Indexwatchlist in September 2022. Investors are closely watching for any progresson potential inclusion to the index as FTSE Russell reviews it later this month, which some analysts believe could attract foreign inflows of as much as $70 billion.
Reporting by Cynthia Kim
Editing by Shri Navaratnam
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