South Korea's financial authorities unveiled a plan on Thursday to overhaul the Korean Treasury Bond (KTB) investment framework for foreign investors, the Ministry of Economy and Finance said in a same-day release.
The financial authorities comprise the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, and the Korea Securities Depository, apart from the finance ministry.
The changes include the full availability of omnibus accounts for KTBs, market stabilization bonds, and FX transactions under global custodians or asset managers, replacing the current fund-by-fund segregation system, the release said.
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