# Korea issues $1 bil. FX stabilization bonds - The Korea Times

> South Korea's finance ministry sold $1 billion of five-year dollar-denominated foreign exchange stabilization bonds at 4.5%. It was the first dollar-denominated sale since 2021.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30033-korea-issues-1-bil-fx-stabilization-bonds-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The dollar funding raises reserves to defend the won, which can slow depreciation and ease import costs for feed buyers, though the effect is modest.

## Read by commodity

- USDKRW: neutral

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20240627/korea-issues-1-billion-fx-stabilization-bonds

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.