Foreign Investors Net Buy $4.6 Billion in Treasuries, Boosting FX Outlook

Foreign investors have net purchased $4.6 billion (approximately 6.3 trillion Korean won) of South Korean government bonds. This marks a result of the inclusion of Korean Treasuries in the World Government Bond Index (WGBI).

Deputy Prime Minister and Minister of Economy and Finance Koo Yoon-cheol chaired a meeting of the 'Ministers' Task Force for Special Management of Livelihood Prices' on the 9th. Koo mentioned that financial and foreign exchange market volatility is easing as the conflict in the Middle East enters a two-week ceasefire.

Koo also announced that the current account recorded $23.2 billion in February.

During the meeting, discussions were held on measures for the third cap on oil prices, price trends and response strategies for PC laptops, directions for telecommunications companies' plan revisions, and measures to strengthen the management of private tutoring academy fees.

Deputy Prime Minister and Minister of Economy and Finance Koo Yoon-cheol stated that the third cap on oil prices, effective from midnight on the 10th, was determined considering the upward trend in international oil prices and the burden on citizens. This was announced after consultation among relevant ministries.