Gov't to consider further reducing Treasury bond issuance if necessary: finance minister

Finance Minister Lee Hyoung-il has indicated that the government may further reduce Treasury bond issuance if necessary, as Korea has decided to cut bond issuance by 5 trillion won ($3.64 billion) in October. This decision was made alongside the implementation of stabilization measures, including emergency bond buybacks, if required.

The meeting with key officials from the Bank of Korea, Financial Services Commission, Financial Supervisory Service, and Land Ministry marked the first of its kind since Lee assumed office last month. The move comes as high interest rates could burden businesses with lower credit ratings, making refinancing more challenging. The government remains committed to closely monitoring the bond market in collaboration with relevant agencies, while also keeping a watchful eye on the property market, noting that growth in Seoul apartment prices has slowed for five consecutive weeks.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.