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Gov't to carry out $3B emergency bond buyback amid Iran war volatility
The government will conduct an emergency bond buyback worth 5 trillion won ($3.3 billion) to stabilize the government bond market, which has recently experienced heightened volatility, the Ministry of Finance and Economy said Thursday. The buyback will be carried out on two separate days — 2.5 trillion won on Friday and another 2.5 trillion won on Wednesday — as the government seeks to reduce the economic impact of the prolonged war in the Middle East. [...]