South Korean Finance Minister: Closely monitoring the impact of rising global bond yields and geopolitics on South Korea
2026-08-21 11:12:20
According to CoinMeta, the South Korean Finance Minister stated that as long-term yields in major economies rise and economic uncertainties increase, South Korea will closely monitor the government bond market. Affected by increased fiscal spending and the situation in the Middle East, long-term government bond yields in the United States, Japan, and Europe have reached their highest levels in decades. The government will monitor the issuance and trading of government bonds and work to reduce financing costs for businesses and households. In addition, the South Korean Finance Minister mentioned that the won's exchange rate against the US dollar fell to 1300 this week, having dropped near 1550 at the beginning of July. This trend is due to South Korea's current account surplus. Considering the geopolitical tensions in the Middle East and the monetary policies of major economies, the exchange rate faces dual risks, and the government will remain vigilant and respond to market fluctuations.
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Source:Internet
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