South Korea is expected to have its bonds included in the FTSE World Government Bond Index, with skepticism from institutions such as Goldman Sachs.

Jinshi data news on September 17th, a senior official of the South Korean government stated that South Korea has positive expectations for its national debt to be included in the global major bond index next month, but some major banks indicate that this is unlikely to happen. South Korean Deputy Finance Minister Kim Beom-seok stated in an interview that since South Korea was put on the observation list of the FTSE World Government Bond Index two years ago, the South Korean government has established necessary systems and is prepared to make additional adjustments based on investor feedback. While making the above comments, Kim led a team to communicate with about 10 global banks within two days, seeking to further engage investors before FTSE Russell’s decision on October 8th. Goldman Sachs predicts that it will be 2025 before South Korean government bonds are included in the FTSE World Government Bond Index, citing procedural issues raised by investors, and Nomura also sees the risk of latency.