Radar Telegram alerts Open Radar

South Korea's government may use the new fund, filled with tax revenue from the artificial intelligence boom, to reduce government bond issuance as yields rise, Planning and Budget Minister Park Hong-joon told Bloomberg. Next year, the fund will receive 162.3 trillion won, of which 12.5 trillion won ($9.5 billion) has already been earmarked for loan reduction. According to the minister, the reserves will serve as a "financial dam" to stabilize the market.

Кролик с Неглинной · · Source

🇳🇱 הולנד · האג · Map

South Korea's government may use the new fund, filled with tax revenue from the artificial intelligence boom, to reduce government bond issuance as yields rise, Planning and Budget Minister Park Hong-joon told Bloomberg. Next year, the fund will receive 162.3 trillion won, of which 12.5 trillion won ($9.5 billion) has already been earmarked for loan reduction. According to the minister, the reserves will serve as a "financial dam" to stabilize the market.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram