South Korea scraps tax on foreigner bond income – minister

speaking to reporters in the US on Saturday night COUNTRY AFTER PANEL MEETING Finance Minister and Central Bank Governor Choo Kyung-ho said, The government decided to bring forward planned tax cuts to next week to increase capital inflows into the local bond market. 50FTSE global index provider Russell said in September It has added South Korea to a list of possible inclusion in its World Government Bond Index (WGBI). “We were placed on the WGBI watch list at the end of September, but we felt it was necessary to move quickly to attract more foreign investment into our Treasury market ,” Choo said.