South Korea's Ministry of Finance and Economy to Monitor Bond Market Amid Rising Interest Rate Pressures

South Korea's Deputy Prime Minister and Minister of Finance and Economy, Koo Yun Cheol, convened a meeting to assess domestic and global financial markets. Participants noted persistent upward pressure on interest rates due to increased government and corporate bond issuance, expectations of policy rate hikes in major economies, and higher oil prices. They agreed to closely monitor the domestic bond market to prevent excessive volatility and reviewed the financial soundness of mutual financial institutions and support measures for vulnerable borrowers.