By Kim Minji

Bloomberg has hailed Korea for being a "haven" for foreign buyers of the nation's bonds.

The U.S. business news service on Nov. 18 said global funds have bought the most Korean debt this year since 2010 in the article headlined "Korea Bonds Draw USD 56 Billion In Year When Peers Saw Outflows."

"Korea debt is reeling in funds at a furious pace, due to a rare combination of attractive yields and the safety of a high sovereign rating," Bloomberg said. "Among Asian bond markets, the only other country with more inflows is China."

"Overseas investors purchased USD 55.9 billion of listed South Korean notes in the year through Nov. 17, according to data from the Financial Supervisory Service," it added. "In contrast, they withdrew almost USD 20 billion from bonds in India, Indonesia and Thailand."

"Yields are expected to remain high despite the inflows, due partly to a record supply of government debt and progress in developing a COVID-19 vaccine."

kimmj7725@korea.kr