SEJONG, Feb 20 Reuters A senior South Korean official in charge of currency markets said on Tuesday his team was in talks with securities settlement house Euroclear, aiming to boost foreign investors39; access to the won currency and eventually attract more capital inflows.
The Brusselsbased settlement house, which completes transactions in stocks and bonds across Europe, said in August last year it would open an omnibus account for South Korean treasury bonds.
We39;re of course in talks with them to address any inconveniences faced by foreign investors, Shin Joongbeom, director general of the finance ministry39;s International Finance Bureau, told Reuters in an interview, referring to forex deals.
If there are, we would positively review to address them, he added.
Providing accounts for Korean treasury bonds at Euroclear will enable foreign investors to trade Korean bonds on a triparty platform, a major requirement for the bonds to be included in FTSE Russel39;s World Government Bond Index.
Reporting by Cynthia Kim; Editing by Clarence Fernandez
Source Reuters