The National Pension Service faces a 'scale dilemma' over foreign currency bond issuance, balancing FX market stabilization with risks of crowding out other Korean issuers and raising government debt ratios; alternatives such as US Treasury repo are under consideration.
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[NPS Foreign Currency Bonds③] Small Issuances Lack Impact, Large Ones Risk Crowding Out—The 'Scale Dilemma'

The National Pension Service faces a 'scale dilemma' over foreign currency bond issuance, balancing FX market stabilization with risks of crowding out other Korean issuers and raising government debt ratios; alternatives such as US Treasury repo are under consideration.

Yonhap Infomax