Bonds
Korea Mulls Doubling FX Bonds for Interventions to $3.5 Billion
Volatility in the won spiked to its highest since the US presidential election in November.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
South Korea plans to more than double the amount of overseas bonds it can issue to fund currency market activity to $3.5 billion, with officials citing the need to respond to sharp fluctuations.
The revised issuance ceiling is part of a 12.2 trillion won additional budget aimed at supporting the flagging export-oriented economy now faced with US tariffs. The Finance Ministry made the proposal on Friday, which must be approved by parliament.