[리포트] The 20th anniversary of the opening of the KRX and KTB market "Key role in the development of Korean bonds"



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[팍스경제TV 이승용 기자]

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The KTB futures market, which trades government securities transparently as stocks, celebrates its 20th anniversary.

The Korea Exchange (President Choung Won) held a ceremony commemorating the 20th anniversary of the opening of the national treasury market.

It is the report of reporter Lee Seung-Yong.

The executive director of the Korea Exchange makes a meal on April 2, celebrating the 20th anniversary of the treasury futures market.
The executive director of the Korea Exchange makes a meal on April 2, celebrating the 20th anniversary of the treasury futures market.

[기자]

The 20th anniversary ceremony of the opening of the KTB market was held at the Conrad Hotel in Yeouido.

The event was attended by 150 key figures including Lee Seung-chul, Deputy Assistant Secretary of Planning and Finance, and Chung Won-kee, President of the Korea Exchange.

The Ministry of Strategy and Finance has awarded the deputy prime minister's prizes to five out-of-the-box specialist KTB dealers such as Meritz Securities, KB Kookmin Bank, IBK Industrial Bank, Shinhan Investment and NH Investment Securities in the second half of 2018.

Recognition of Deputy Prime Ministers to five specialized KTB resellers in 2H08
Praise Ceremony for Five Deputy Prime Brokers Specializing in KTBs Outstanding in the Second Half of 2018

The Korea Exchange opened its treasury market in March 1999 and opened its treasury futures market in September, six months later.

Chung Woo-won, president of the Korea Exchange, commented that the government bond market has steadily grown over the past 20 years and played a key role in the development of Korean securities.

[발표자/정지원 한국거래소 이사장]

"KTB interest rates, which are determined by the competition, are fully reflected in market requirements and are an important reference point to help make reasonable investment decisions and form appropriate prices for the bonds."

Before the Korea Exchange opened its national treasury market, Korean government bonds were bought by Bank of Korea for decades or traded in the offshore market.

The first government bonus in Korea was the government's title issued in 1949.

Since then, various types of government bonds have been issued. In 1999, various types of government bonds were consolidated into government bonds in order to establish and distribute a stable financial base amid turmoil following the IMF.

With the opening of the government bond market in 1999, government securities traded offshore were immediately traded on the open market as stocks and prices were determined according to market principles.

Since then, government bonds have become an important indicator of the basic interest rate and the amount of money in the Korean bond market.

Treasury bonds traded on the KSE market last year grew to about 2,387 trillion won, 60 times more than in 1999. That is 50% more than last year's 1.598 trillion KOSPI transaction price.

Among total government securities, the share of government securities traded in the market also rose from 10% in 2002 to 67.4% last year.

The upcoming scholarships plan to focus on building bond markets issued by public companies following the government bond market.

It's Lee Seung-yong, from Pax economy TV.

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