Early this morning, S. Korea announced its inclusion in the global government bond index.

Korea's World Government Bond Index and WGBI will be announced.

Financial Times Stock Exchange and FTSE Russell, global index providers, will announce whether WGBI, the world's three largest government bond index, will be incorporated into Korea through regular market classification early today (9th).

Attention is drawn to the results of the challenge, as Korea rose to the status of a country to observe the global government bond index in September 2022, about two years ago, and has increased access to the government bond market.

The WBGI is the world's top three bond indexes, and this is Korea's fourth challenge.

If it is incorporated, it is expected that at least $50 billion and 70 trillion won of our money will flow into the government bond market with a time difference of up to a year.

Then, as the interest rate on government bonds falls, the market interest rate falls, and it helps stabilize the exchange rate.

International investment banks' expectations are mixed, and Goldman Sachs earlier expected the transfer next year, not this year, due to the lack of foreign experience of improving the system.

Attention is also being paid to whether FTSE Russell will designate South Korea as a target country in the stock index classification this time.

Some observers say that FTSE Russell will designate South Korea, which is currently classified as an advanced market, as a target country for observation, taking issue with the ban on short selling.

If it is designated as an observation target country, it is expected to hurt the already sluggish credibility of the Korean stock market.

The government's inclusion of Morgan Stanley Capital International and MSCI Advanced Index is also expected to become more difficult.