South Korea's finance chief sees significant opportunities in WGBI

Deputy Prime Minister and Finance Minister Choo Kyung-ho welcomed South Korea’s potential entry to the World Government Bond Index WGBI, predicting that if attained, it would foster a better environment for attracting foreign investment. This came after London-based stock index provider FTSE Russell included South Korea on the watch list for the WGBI -- a step that comes before a country’s endorsement as a regular member. South Korea has been added to the FTSE Fixed Income Country Classification Watch List for a potential reclassification of its market accessibility level from 1 to 2 and is being considered for inclusion in the WGBI. Among the world’s top 10 nations in terms of nominal gross domestic product, only South Korea and India have yet to be included in the WGBI.