S. Korea plans measures to stabilize bond market next year

SEOUL, Dec. 12 (Yonhap) -- The government is mapping out measures to stabilize
the nation's bond market next year, Finance Minister Yoon Jeong-hyun said
Saturday.

"One thing that needs to be cautious next year is the stabilization of bond
market," Yoon told a parliamentary committee. "The government is devising
measures for the stabilization of the bond market."
Yoon made the remark when he was asked by Rep. Kim Seong-shik of the ruling Grand
National Party whether the government needs to fine-tune the size of government
bond issuances due to the Dubai debt crisis.
Yoon said that government, state-run and private companies are likely to sell
bonds worth a combined 80 trillion won (US$68.8 billion) to 90 trillion won next
year.
"If such volumes are too big to be digested by the bond market, it would pose a
negative effect of increasing interest rates," Yoon said.
(END)