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2026-11-06 05:56:26
[South Korea Denies Considering Large-Scale Purchases of Long-Term US Treasury Bonds] 1. South Korea has denied media reports that the government is considering large-scale purchases of long-term US Treasury bonds to increase its foreign exchange reserves, stating that the reports are "inaccurate." 2. The South Korean Ministry of Finance stated in a statement that the asset composition and management methods of its foreign exchange reserves are confidential matters. 3. Previously, the *Korea Economic Daily* reported that the South Korean government and the Bank of Korea recently raised this idea with the US, to which the US responded positively. The report cited unnamed financial industry sources as saying that this move also aims to strengthen economic ties with the United States.
