Korea’s government bonds entered the FTSE World Government Bond Index (WBGI) on Wednesday. The index, compiled by FTSE Russell, is widely used as a benchmark by major institutional investors, including pension funds.  
The inclusion is expected to bring in $50 billion to $60 billion in passive funds, which are seen as a crucial element in stabilizing the persistently weak won against the dollar, into the government bond market. The funds will be phased in through November. [...]