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South Korea on track to develop repurchase market

South Korea, Asia’s fourth-biggest economy, is seeking to become an advanced financial market, and that includes developing a repurchase market, the Financial Times reported November 24.

Seoul said last week is planned to allow short selling of bonds next year to build up liquidity.

From the Financial Times:

Nicholas de Boursac, managing director of the Asia Securities Industry and Financial Markets Association, a lobby group, said this was not only a crucial step in its own right but would also lay a bedrock for developing a fully-fledged repurchase market.

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