South Korea will be phased into the FTSE World Government Bond Index (WGBI) from April.
Indexation will take place over eight months in eight equal tranches, concluding in November. The process is commencing five months later than was initially scheduled.
Local currency, fixed-rate government bonds with tenors of 30 years or less will be included in the WGBI and the WGBI – Developed Markets (WGBI-DM).
Bonds with tenors exceeding 30 years will be excluded from the regional FTSE Asian Government Bond Index (AGBI) and Asian Pacific Government Bond Index (APGBI)
A total of 65 bonds are expected to be eligible, representing US$722.4 billion outstanding.
These bonds will represent 1.89% of the WGBI on a market value weighted basis, 2.07% of the WGBI ex-Japan, and 2.34% of the index excluding Japan and China.
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