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Bank of Korea Shifts $1B From Stocks to Global Bonds on Sept 16
According to Yonhapinfomax, on September 16, the Bank of Korea announced plans to redirect approximately $1 billion of foreign assets from advanced economy stocks to global bonds across three domestic asset management firms. The central bank will transition its existing US aggregate bond strategy to a broader Global Aggregate Bond strategy covering multiple countries and currencies, marking a shift from quantitative expansion to qualitative capability enhancement in asset management outsourcing.