Korea Hopeful of Bond Index Entry Even as Banks Skeptical
- Vice finance minister says system in place for index inclusion
- Korea seeks to dispel concern over tax-related procedure
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South Korea is “positively expecting” the country’s bonds to be included in a key global debt index next month, a senior government official says, even as some major banks say it’s unlikely to happen this time around.
The nation has put necessary systems in place since being added to a watchlist for potential inclusion in FTSE Russell’s World Government Bond Index two years ago, and is ready to make additional adjustments based on investor feedback, Vice Finance Minister Kim Beom-seok said in an interview in Hong Kong.