Ministry of Economy and Finance

The Ministry of Economy and Finance plans to issue Korea Treasury Bonds worth approximately 18,500 billion won in August 2025 through competitive bidding.   Auction Schedule, August 2025 (Unit: KRW billion) Name Auction Notice Auction Date Settlement Date Issue Date Type Volume 2Y KTB 02625-2703 (25-1) July 30 August 4 August 5 March 10, 2025 F1 1,250 2Y KTB 00000-2709 (25-6) July 30 August 4 August 5 September 10, 2026 P2 1,250 3Y KTB 02250-2806 (25-4) August 6 August 11 August 12 June 10, 2025 F 4,400 5Y KTB 02625-3003 (25-3) August 20 August 25 August 26 March 10, 2025 F 1,650 5Y KTB 00000-3009 (25-8) August 20 August 25 August 26 September 10, 2025 P 1,650 10Y KTB 02625-3506 (25-5) August 12 August 18 August 19 June 10, 2025 F 1,800 KTBi 00750-3406 (24-6) August 5 August 8 August 11 June 10, 2024 F 100 20Y KTB 02875-4409 (24-10) August 21 August 26 August 27 September 10, 2024 F 250 20Y KTB 00000-4509 (25-9) August 21 August 26 August 27 September 10, 2025 P 250 30Y KTB 02625-5503 (25-2) July 31 August 5 August 7 March 10, 2025 F 2,500 30Y KTB 00000-5509 (25-7) July 31 August 5 August 7 September 10, 2025 P 2,600 50Y KTB 02750-7409 (24-11) August 11 August 14 August 18 September 10, 2024 F 800 Conversion Offer Conventional August 13 August 19 August 21 March 10, 2025 F 300   FXB 00000-2608 (25-8) August 19 August 22 August 25 August 10, 2025 N/A 1,000 1.       Fungible issue 2.       Pre-issuance   * Under a fungible issue system, new KTBs issued within a specified period (six-month period for 2Y, 3Y, 5Y, 10Y and 30Y KTB, one-year period for 20Y, and two-year period for KTBi and 50Y KTB) are regarded as the same KTB issue.     1) Non-competitive bids option I   For retail investors, KTBs worth 3,540 billion won (no more than 20% of the offered amount in the auction excluding 50Y KTBs) will be allocated first at the highest accepted bid rate.   2) Non-competitive bids option II   A non-competitive purchasing option II is granted to primary dealers (PD) whereby PDs can make additional purchases of 5-30%* of the accepted bid amount within three business days after the auction.   * Up to 20%p of the option is granted to the top-performing PDs, 15%p to the 2nd best-performing PDs, 10%p to the 3rd best-performing PDs, and 5%p to the rest, according to their market-making performances for the last six months. MOEF will grant additional 5-10%p to best performing PDs in the monthly evaluation.   3) Non-competitive bids option III   KTB STRIPS* are supplied on the third business day after the auctions, 234 billion won for 3Y and 5Y KTBs, 284 billion won for 10Y and 30Y KTBs, and 180 billion won for 20Y KTBs. PDs that have obtained the right to purchase these KTB STRIPS can make purchases of up to 20 billion won.   ＊Non-competitive option Ⅵ Details have yet to be decided. If non-competitive option Ⅵ needs to be implemented, the Ministry will make an announcement on August 21 with a detailed plan.   4) Buyback   Date KTBs to be purchased Amount August 20 10:40-11:00 am   KTB 03250-2603 (24-3) KTB 05750-2603 (06-1) KTB 01875-2606 (16-3) KTB 03125-2606 (23-4) KTB 01750-2609 (21-7) KTB 02875-2609 (24-9)  KTB 03875-2612 (23-10)   KRW 3,000 billion   * Further details will be provided on August 14 through the BOK website.   5) Conversion offer   Date KTB to be issued KTBs to be purchased Amount August 19 10:40-11:00 am 30Y KTB 02625-5503 (25-2) (Maturing on March 10, 2055)   KTB 05500-2912 (09-5) KTB 04000-3112 (11-7) KTB 03375-3206 (22-5)  KTB 04250-3212 (22-14) KTB 03750-3312 (13-8)  KTB 04125-3312 (23-11)  KTB 03250-4209 (22-11)     KRW 300 billion * Further details will be provided on August 13 through the BOK website. Please refer to the attached PDF. 

Deputy Prime Minister and Minister of Economy and Finance Koo Yun Cheol will depart for Washington, D.C. on July 24 to attend meetings with major U.S. think tanks and participate in the Korea-U.S. 2+2 Trade Talks, scheduled for July 24 to July 25.   [1. Meetings with major U.S. think tanks]   On July 24 (Thursday, local time), DPM Koo will hold meetings in Washington, D.C. with two major U.S. think tanks – the America First Policy Institute (AFPI)* and the Peterson Institute for International Economics (PIIE) – to exchange views on the current global economic landscape and future directions for Korea-U.S. cooperation.   * Established in 2021, AFPI is a policy institute focused on advancing the “America First” agenda championed by President Donald Trump.   [2. Korea-U.S. 2+2 Trade Talks]                                                  On July 25 (Friday, local time), DPM Koo will participate in the “2+2 Trade Talks” alongside Minister for Trade Yeo Han-koo. The meeting will also be attended by U.S. Treasury Secretary Scott Bessent, and U.S. Trade Representative Jamieson Greer (USTR).  

On July 23, First Vice Minister of Economy and Finance Lee Hyoung Il presided over the Subcommittee on Economic Security Items and Services* at the Government Complex-Seoul to review supply chain risk factors stemming from changes in the economic security environment and discuss response measures.   * Three subcommittees are currently in operation under the Supply Chain Stabilization Committee (chaired by the Minister of Economy and Finance), focusing on the following areas: (1) Economic Security Items and Services, (2) International Economic Policy, and (3) Stockpiling. ** Participating Ministries and Agencies: Ministry of Economy and Finance (Chair), Ministry of Science and ICT, Ministry of Foreign Affairs, Ministry of the Interior and Safety, Ministry of Agriculture, Food and Rural Affairs, Ministry of Trade, Industry and Energy, Ministry of Land, Infrastructure and Transport, Ministry of Oceans and Fisheries, Ministry of SMEs and Startups, Financial Services Commission, Ministry of Food and Drug Safety, Defense Acquisition Program Administration, Korea Forest Service, Korea Disease Control and Prevention Agency, and Korea AeroSpace Administration.   1st VM Lee noted that “global supply chain risks are increasing due to recent changes in major countries’ trade policies and escalating geopolitical tension”, and emphasized the need to “conduct a comprehensive review of vulnerabilities in supply chains affecting the economy, industry, and people’s livelihoods, and to prepare preemptive response measures in light of the rapidly changing economic security landscape”.   The government designates and manages certain items and services as “economic security items and services”* when they are highly dependent on specific countries and difficult to substitute with domestic production. At today’s meeting, relevant ministries shared their views on a proposed revision of these designations in light of recent changes in the global environment.   * Commodities, raw materials, services, or infrastructure, which are essential for the lives of citizens or for the stable operation of the State and the national economy, may be designated as “economic security items” under Article 13 of the Framework Act on Supply Chain Stabilization Support for Economic Security.   The meeting also discussed support measures to further strengthen supply chain resilience, as well as strategies to enhance the government’s overall crisis response capabilities. Key agenda items, including the proposed revision of economic security items and services, will be subject to final review and approval by the Supply Chain Stabilization Committee at a later date. Please refer to the attached files.