The Korea Securities Depository (KSD) is located in the Yeouido neighborhood of Seoul's Yeongdeungpo-gu District. (KSD)

By Yoo Yeon Gyeong

The cumulative transactional amount of integrated government bond accounts by foreign investors has surpassed KRW 60 trillion.

The Korea Securities Depository (KSD) on Feb. 11 said the amount of the use of such accounts, which were adopted in June last year for foreign investors, as of late last month reached KRW 2.61 trillion in storage balance and KRW 61.66 trillion in cumulative transactional value.

Payments of such accounts soared after Korea's entry into the World Government Bond Index in October last year, eclipsing KRW 20 trillion monthly for the first time in December last year.

Set up by the KSD along with the International Central Securities Depository for foreign investors, the integrated government bond account has greatly simplified the investment process for such investors. It removed procedures like selecting a domestic depository institution or opening an individual account, allowing investment in such bonds from outside of Korea.

KSD Chairman and CEO Lee Soonho said, "We will listen more carefully to the voices of institutions related to the global capital market to keep supporting the smooth globalization of Korea's government bond market."

dusrud21@korea.kr