South Korea Meets Conditions for WGBI Inclusion, May Attract $65 Billion

Sep 30, 2024, 04:54 AM

South Korea has successfully met all the necessary conditions for inclusion in the World Government Bond Index (WGBI), according to the country's finance minister, Choi. This marks a significant milestone for South Korea's financial market. If included, the process would be gradual. HSBC estimates that South Korea may see an inflow of up to $65 billion as a result of this inclusion in the WGBI.