ID :
30078
Thu, 11/13/2008 - 17:59
Auther :
Shortlink :
https://www.oananews.org//node/30078
The shortlink copeid
Watchdog to push for 10 tln won fund to stabilize bond market
SEOUL, Nov. 13 (Yonhap) -- South Korea's financial watchdog said Thursday it is considering setting up a fund worth about 10 trillion won (US$7.17 billion) in a bid to stabilize the bond markets and to ease a funding squeeze faced by companies.
The government plans to push for creating a fund into which institutional
investors, including banks and the state pension fund, would pool money. The fund
plans to buy a wide range of bonds, such as bank and corporate debts, but only
those with a certain credit rating level, according to the Financial Services
Commission (FSC).
The government plans to push for creating a fund into which institutional
investors, including banks and the state pension fund, would pool money. The fund
plans to buy a wide range of bonds, such as bank and corporate debts, but only
those with a certain credit rating level, according to the Financial Services
Commission (FSC).
