The Ministry of Economy and Finance plans to issue Korea Treasury Bonds worth approximately 12,000 billion won in June 2022 through competitive bidding.
Korea’s external debt amounted to US $654.1 billion as of the end of March, rising US $21.7 billion from the previous quarter.
The government approved the revision proposal for the Financial Investment Services and Capital Markets Act (FSCMA) during a cabinet meeting held on May 26.
FSC Vice Chairman Kim So-young attended a meeting on the enactment of a law on digital assets with members of the National Assembly and officials from other relevant government agencies on May 24.
The Monetary Policy Board of the Bank of Korea decided today to raise the Base Rate by 25 basis points, from 1.50% to 1.75%.
Korea's real GDP is projected to grow by 2.7 percent in 2022 and 2.4 percent in 2023.
The Composite Consumer Sentiment Index (CCSI) for April 2022 stood at 102.6, lower than that in April by 1.2 points.