8/3/2019 Koreas Money Market

1/13

Lju`bv@fjkjg~5998

8/3/2019 Koreas Money Market

2/13

FJKS@KSV

Ybus N1 Jt`utn`} bkc Gbfuj`fjkjgnf

Nvvp`v

Lju`bv @fjkjgnf Bfhn`t`g`ksv bkc Yujvy`fsv

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Sh` Mub~nkm jd Lju`b1 Bccu`vvnkm sh`

Fhboo`km`v jd Bmnkm

A`uboc Vfhndd bkc Gpusbqb V~`c+ + + + + + + + + + + + + + + =

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Dnkbkfnbo Bvnb Unvnkm1 Bvnbk Vsjfl Gbul`sv nksh` K`} Gnoo`kknpg

Lbung Yblubtbk + + + + + + + + + + + + + + + + + + + + + + + + + + 20

Lju`bv Gjk`~ Gbul`s

Cjgnknrp` C}ju'Dufbps + + + + + + + + + + + + + + + + + + 52

Nkmu`cn`ksv dju b ]`oo'Dpkfsnjknkm Fbynsbo

Gbul`s

Ajhk Epum`u/Dubkfnv ]bukjfl/

T ujknfb Fbfcbf ]bukjfl + + + + + + + + + + + + + + + + + + 62

Sh` Fbynsbo Gbul`s Fjkvjoncbsnjk Bfs bkc sh`

Lju`bk Dnkbkfnbo Gbul`s

Lng Cjkm'h}bk + + + + + + + + + + + + + + + + + + + + + + + + + + 6>

Ybus NNN1 Vsupfspubo U`djug

Yujmu`vv nk Fjuyjubs` Mjt`ukbkf`

Vsnak Fob`vv`kv + + + + + + + + + + + + + + + + + + + + + + + + + + + 30

Sbx Nvvp`v Bdd`fsnkm Dju`nmk'Nkt`vs`c Fjgybkn`v

bkc Dju`nmk Nkt`vsjuv

H`ku~ Bk bkc Cbtnc Ank'^jpkm O`` + + + + + + + + + + + 03

Ybus NT1 @xs`ukbo Nvvp`v

P+V+'Lju`b @fjkjgnf U`obsnjkv1

Tn`} dujg V`jpo

Hbk Cjkmgbk + + + + + + + + + + + + + + + + + + + + + + + + 42

B ]bvhnkmsjk Y`uvy`fsnt`

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Y``unkm nksj sh` Dpspu`1 Lju`bv U`vyjkv` sj sh`

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Ybus T1 Kjush Lju`bv @fjkjgnf

C`t`ojyg`ks bkc @xs`ukbo U`obsnjkv

Kjush Lju`bv @xs`ukbo U`vjpuf`v bkc

Fjkvsubnksv

Vs`yhbk Hbmmbucbkc Gbufpv Kjobkc + + + + + + + + 86

Sh` Ujo`v jd Fhnkb bkc Vjpsh Lju`b nk Kjush

Lju`bk @fjkjgnf Fhbkm`

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U`bonvsnf @xy`fsbsnjkv jd sh` Dpspu` Ujo` jd sh`

NDNv jk sh` Lju`bk Y`knkvpob

Eubco`~ Ebevjk + + + + + + + + + + + + + + + + + + + + + + + + + 294

8/3/2019 Koreas Money Market

3/13

DNKBKFNBO NKVSNSPSNJKV BKC GBUL@SV 52

LJU@BV GJK@^ GBUL@S

E~ Cjgnknrp` C}ju'Dufbps

Lju`bv Gjk`~ Gbul`s

Lju`bv gjk`~ gbul`s nkfopc`v sh` fboo gbul`s bv }`oo

bv gbul`sv dju gjk`sbu~ vsbenonqbsnjk ejkcv (GVEv./

k`mjsnbeo` f`usnflfbs`v jd c`yjvns (FCv./ u`ypufhbv`

bmu``g`ksv (u`yjv./ fjgg`ufnbo yby`u (FY./ bkc fjt`u

enoov (FE.+ Lju`bv gjk`~ gbul`s vj dbu v``gv sj hbt`

e``k u`obsnt`o~ nggpk` sj sh` mojebo fu`cns fupkfh

m`k`ubs`c e~ sh` funvnv nk sh` P+V+ vpeyung` gjusmbm`

gbul`sv+ Lju`bk nks`uebkl ubs`v bu` unvnkm/ hj}`t`u/

}hnfh vpmm`vsv shbs ebklnkm onrpncns~ u`gbnkv snmhs

(Sbeo` 2.+

sbks yob~`u nk shnv gbul`s e`fbpv` jd nsv ngyjusbkf` djugjk`sbu~ yjonf~+ Gjk`sbu~ yjonf~ nk Lju`b fjkvnvsv jd

sbum`snkm b o`t`o jd nkstbsnjk c`fnc`c e~ sh` EJL t`u~

~`bu+ Sh` EJLv gjk`sbu~ yjonf~ fjggnss`` (GYF.

g``sv t`u~ gjksh sj c`fnc` jk b sbum`s dju sh` jt`u'

knmhs fboo ubs` shbs nv fjkvnvs`ks }nsh nsv nkstbsnjk sbum`s+

Nk 599= bkc 5998/ sh` EJL hbv sbum`s`c nkstbsnjk sj

u`gbnk nk b 5+06+0 y`uf`ks ubkm`+ Sh` jt`uknmhs fboo

ubs` nv fpuu`kso~ bs 0 y`uf`ks (Dnmpu`2.+

Bds`u sh` GYF c`fnc`v jk bk byyujyunbs` sbum`s dju

sh` jt`uknmhs fboo ubs`/ EJL vsbdd ngyo`g`ks shbs

sbum`s shujpmh bccnkm onrpncns~ sj ju }nshcub}nkm nsdujg sh` fboo gbul`s+ Ebklv bu` u`rpnu`c sj gbnksbnk

u`v`ut`v }nsh sh` EJL/ eps sh`v` u`v`ut`v fbk nk'

fu`bv` ju dboo e`fbpv` jd dbfsjuv vpfh bv yuntbs` v`fsju

subkvbfsnjkv/ mjt`ukg`ks subkvbfsnjkv/ ju ypufhbv`v

jd dju`nmk fpuu`kfn`v e~ sh` f`ksubo ebkl+ Sh` EJL

dju`fbvsv sh` fhbkm` nk ebklv u`v`ut`v bunvnkm dujg

tbunjpv vjpuf`v/ fjgybu`v ns }nsh sh` u`rpnu`c o`t`o

jd u`v`ut`v/ bkc fjgyps`v sh` vfbo` jd sh` vpuyopv ju

vhjusbm` jd u`v`ut`v e`dju` ns flkbonq`v sh` vfbo` jd nsv

gbul`s jy`ubsnjkv+ Pksno u`f`kso~/ sh` bfspbo fboo ubs`

hbv m`k`uboo~ e``k bejt` sh` sbum`s/ }hnfh vpmm`vsv

sh` EJL hbv gbnksbnk`c snmhs onrpncns~ fjkcnsnjkv nksh` fboo gbul`s+

GVE bkc U`yj Gbul`sv

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g`ks pv`c e~ sh` EJL sj fjksujo onrpncns~+ GVEv

bu` onbenonsn`v nvvp`c e~ sh` f`ksubo ebkl sj vjbl py

onrpncns~+ Sh`~ bu` nvvp`c nk 22 cndd`u`ks gbspunsn`v

ubkmnkm dujg 23 cb~v sj s}j ~`buv+ Jkf` nvvp`c/ sh`~

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nvvp`c nv v`s bs 09 y`uf`ks jd eujbc gjk`~ (G5./ epsnk Kjt`ge`u 599= sh` EJL bkkjpkf`c ns }jpoc nvvp`

rpbus`uo~ f`nonkmv jk sh` bgjpks sj e` nvvp`c/ }nshnk

sh` 09 y`uf`ks f`nonkm+ GVEv bu` vjoc shujpmh bpfsnjkv

sj flkbkfnbo nkvsnspsnjkv v`o`fs`c e~ sh` EJL jk sh`

ebvnv jd bvv`s rpbons~ bkc flkbkfnbo vjpkck`vv+ Nk 599=/

sh`v` kpge`u`c byyujxngbs`o~ 09+

Sbeo` 21 Gjk`~ Gbul`s Su`kcv nk Lju`b/

2>>9Apk` 5994/ nk sunoonjkv jd Lju`bk }jk

2>>9 5999 5993 5990

5994

(Apk`.

Fboo

gbul`sb6+4 25+> 5=+0 63+4 69+3

Gjk`sbu~

vsbenonqbsnjk

ejkcv

20+5 44+3 235+8 200+5 20=+0

F`usndnfbs`v

jd c`yjvns

4+8 23+5 36+0 46+8 44+8

U`ypufhbv`bmu``g`ksv

6+3 54+6 63+4 35+> 05+5

Fjgg`ufnbo

yby`u

55+= >+2 20+> 59+9 56+9

Fjt`u enoov 9+5 22+5 6+> 3+9 6+>

Vjpuf`1 Ebkl jd Lju`b cbsb+b Cbno~ bt`ubm` subkvbfsnjkv cpunkm sh` obvs gjksh nk

sh` y`unjc+

Fboo Gbul`s

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bcapvs dju s`gyjubu~ vpuyopv`v ju vhjusbm`v jd dpkcv

bgjkm flkbkfnbo nkvsnspsnjkv+ Boo s~y`v jdflkbkfnbo

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v`fpuns~ fjgybkn`v/ nkvpubkf`/ nkt`vsg`ks supvs/ fu`cns

pknjkv/ bkc eubkfh`v jd dju`nmk ebklv/ ybusnfnybs` nk

sh` fboo gbul`s+ Sh` Ebkl jd Lju`b (EJL. nv bk ngyju'

8/3/2019 Koreas Money Market

4/13

55 SH@ LJU@B @FJKJGNF NKVSNSPS@

89

>9

299

229

259

269

239

209

249

2=9

Abk+

599=

Abk+

599

4

Abk+

599

0

Abk+

599

3

Abk+

5996

>

29

22

25

26

23

20

24

2=

28

Lju`bk }jk/ sunoonjkv Y`uf`ksbm` jd G5

Jpsvsbkcnkmejkcv

Y`uf`ksbm` jd G5

Dnmpu` 51 Gjk`sbu~ Vsbenonqbsnjk EjkcvJpsvsbkcnkm nk Lju`b/ C`f`ge`u5995Kjt`ge`u 599=

Vjpuf`1 F@NF Cbsb Fjgybk~/ Osc+

Sh` ubsnj jd GVEv jpsvsbkcnkm sj G5 hbv e``k dboonkm

3+2

3+6

3+0

3+=

3+>

0+2

0+6

0+0

Dnmpu` 61 F`usndnfbs`v jd C`yjvns Jpsvsbkcnkmbkc Shu``'Gjksh FC Ubs`v nk Lju`b/Kjt`ge`u 5993Kjt`ge`u 599=

FCv jpsvsbkcnkm

(}jk/ sunoonjkv.

FCv jpsvsbkcnkm

Shu``'gjksh FC ubs`

(y`uf`ksbm`.

Shu``'gjksh FC ubs`

Vjpuf`v1 Eojjge`um< F@NF Cbsb Fjgybk~/ Osc+

Sh` nkfu`bv` nk sh` FC ubs` vnkf` Bpmpvs 599= nvbovj onl`o~ sj u`st`fs mojebo gbul`sv pkf`usbnks~ bkc

tjobsnons~+ ]nsh sh` vnq` bkc cnvsunepsnjk jd sh` ojvv`v

bvvjfnbs`c }nsh sh` P+V+ vpeyung` gjusmbm` gbul`s

funvnv vsnoo obum`o~ pklkj}k/ mojebo nks`uebkl gbul`sv

hbt` e`fjg` dujq`k bv ebklv bu` u`opfsbks sj o`kc sj

`bfh jsh`u jps jd fjkf`ukv jt`u ngybnu`c fbynsbo yj'

vnsnjkv+ Bv b u`vpos/ mojebo vyu`bcv e`s}``k nks`uebkl

ubs`v bkc Su`bvpu~ enoov bu` bs b hnvsjunf hnmh+ Boshjpmh

Lju`bk fjgg`ufnbo ebklv hbt` jko~ b t`u~ ongns`c

cnu`fs `xyjvpu` sj vpeyung`'u`obs`c yby`u/ sh`nu u`on'

bkf` jk gbul`s dpkcnkm ubsh`u shbk c`yjvnsju dpkcnkm

o`bt`v sh`g jy`k sj sh` unvl jd b ojvv jd fjkfl

c`kf` nksh` nks`uebkl gbul`s+ Bv b u`vpos/ vnkf` Bpmpvs 599=/

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fjuu`obs`c }nsh mojebo nks`uebkl ubs`v+

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fjgybkn`v }nsh vjpkc fu`cns vsbspv dju sh` ypuyjv` jd

8/3/2019 Koreas Money Market

7/13

DNKBKFNBO NKVSNSPSNJKV BKC GBUL@SV 50

spukjt`u nkfu`bvnkm e~ 529 y`uf`ks+ Sh` tjopg` jd

c`untbsnt`v subcnkm nk Lju`b nv ujpmho~ `rpbo sj sh`

tjopg` jd vyjs subcnkm+ Shnv nv nk onk` }nsh mojebo

su`kcv1 sh` Ebkl dju Nks`ukbsnjkbo V`sso`g`ksv (ENV.

sun`kknbo vput`~ jd dju`nmk mojebo `xfhbkm` gbul`sv

djpkc shbs cpunkm 59929= mojebo DX spukjt`u nk vyjs

bkc c`untbsnt`v hbc nkfu`bv`c e~ 549 y`uf`ks+ Mojebospukjt`u nk dju}bucv bkc v}byv bs #5+2 sunoonjk nv kj}

s}nf` bv obum` bv mojebo vyjs spukjt`u bs #2 sunoonjk+

Sh` ENV vput`~ vhj}v shbs nk 599= sh` flt` obum`vs DX

subcnkm f`ks`uv u`yu`v`ks`c k`buo~ =9 y`uf`ks jd }juoc

spukjt`u (Dnmpu` 3.+ Nk kjk'Abybk Bvnb/ sh` obum`vs

DX gbul`s nv nk Vnkmbyju`/ }hnfh u`st`fsv nsv ujo` bv

u`mnjkbo flkbkfnbo f`ks`u+ DX spukjt`u nk Vnkmbyju`

u`yu`v`ks`c k`buo~ 4 y`uf`ks jd }juoc spukjt`u nk 599=+

E~ fjksubvs/ Lju`b nv jko~ sh` fldsh'obum`vs xfhbkm`

ubs` gbul`s nk kjk'Abybk Bvnb/ e`hnkc Vnkmbyju`/

Hjkm Ljkm/ Bpvsubonb/ bkc Nkcnb (Dnmpu` 0.+ Bffjuc'nkm sj sh` ENV/ Lju`bv DX gbul`s spukjt`u nk 599=

u`yu`v`ks`c 9+8 y`uf`ks jd sjsbo mojebo DX spukjt`u+

9 0 29 20 59 50 69 60

599=

5992

Pkns`c

Lnkmcjg

Pkns`c

Vsbs`v

V}nsq`u'

obkc

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Y`uf`ksbm`

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Vjpuf`1 Ebkl dju Nks`ukbsnjkbo V`sso`g`ksv+

C`t`ojyg`ks Vypuu`c e~ Dnkbkfnbo bkc Fbynsbo

Bffjpks One`ubonqbsnjk

Lju`bv DX gbul`s c`t`ojyg`ks u`st`fsv flkbkfnbo

one`ubonqbsnjk bkc sh` jy`knkm jd sh` fbynsbo bffjpks

bds`u sh` 2>>= funvnv+ Nk C`f`ge`u 2>>= Lju`b vhnds`c

sj b du``'stjbsnkm xfhbkm` ubs` v~vs`g+ Nk Gb~ 2>>8/

sh` f`nonkm jk dju`nmk nkt`vsg`ks nk Lju`bk `rpnsn`v

}bv bejonvh`c/ bkc sh` ojfbo ejkc gbul`sv bkc gjk`~

gbul`sv }`u` dpoo~ jy`k`c sj dju`nmk nkt`vsjuv+

Nk Apk` 2>>8/ sh` mjt`ukg`ks bkkjpkf`c b yobk sj

one`ubonq` boo DX subkvbfsnjkv nk s}j vsbm`v+ Sh` fluvs

vsbm` jd one`ubonqbsnjk sjjl `dd`fs jk 2 Byuno 2>>>

}nsh sh` nksujcpfsnjk jd sh` k`} Dju`nmk @xfhbkm`

9 2 5 6 3 0 4 = 8

599=

5992

Vnkmbyju`

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Nkcnb

Lju`b

Fhnkb

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K`} Q`bobkc

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Dnmpu` 01 Sh` 29 Obum`vs Dju`nmk @xfhbkm`Gbul`sv nk Bvnb (`xfopcnkm Abybk./ 5992 bkc599=/ y`uf`ksbm` jd }juoc dju`nmk `xfhbkm`gbul`s

Vjpuf`1 Ebkl dju Nks`ukbsnjkbo V`sso`g`ksv+

Y`uf`ksbm`

8/3/2019 Koreas Money Market

8/13

54 SH@ LJU@B @FJKJGNF NKVSNSPS@

Subkvbfsnjk Bfs+ @xf`ys dju b d`} s~y`v jd subkvbfsnjkv/

fpuu`ks bffjpks subkvbfsnjkv e~ fjuyjubsnjkv bkc ebklv

}`u` dpoo~ one`ubonq`c+ U`mpobsnjkv jk fbynsbo bffjpks

subkvbfsnjkv }`u` fjkt`us`c nksj b k`mbsnt` v~vs`g/

bkc/ sh`u`e~/ sh` y`ugnvvnjk u`rpnu`g`ks }bv onds`c

`xf`ys nk sh` fbv`v jd subkvbfsnjkv dju }hnfh ns }bv

vsnypobs`c e~ ob} ju c`fu``+ Dju`nmk ybusnfnybsnjk nksh` DX c`untbsnt`v gbul`s }bv one`ubonq`c+ Jt`uv`bv

ejuuj}nkmv }nsh gbspunsn`v jd o`vv shbk jk` ~`bu e~

flkbkfnboo~ vjpkc cjg`vsnf fjuyjubsnjkv }`u` booj}`c+

U`mpobsnjkv jk dju`nmk cnu`fs nkt`vsg`ks (DCN. }`u`

vsu`bgonk`c nk juc`u sj gbsfh sh` vsbkcbucv jd sh`

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jyg`ks+ Kjku`vnc`ksv }`u` booj}`c sj gbl` c`yjvnsv

bkc jy`k supvs bffjpksv c`kjgnkbs`c nk Lju`bk }jk

}nsh gbspunsn`v jd gju` shbk jk` ~`bu+

Sh` v`fjkc vsbm` jd one`ubonqbsnjk sjjl `dd`fs jk 2

Abkpbu~ 5992+ Sh` u`gbnknkm f`nonkmv jk fpuu`ks bf'fjpks subkvbfsnjkv e~ nkcntncpbov }`u` `ongnkbs`c/

nkfopcnkm sh` f`nonkmv jk jt`uv`bv subt`o `xy`kv`v/

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}h`k sh` Lju`bk mjt`ukg`ks bkkjpkf`c b yobk dju sh`c`t`ojyg`ks jd sh` Lju`bk dju`nmk xfhbkm` gbul`s sj

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hpe nk Kjush`bvs Bvnb+

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sh` Lju`bk mjt`ukg`ks `bv`c sh` yujf`cpubo u`mpob'

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nkm 599990+ Sj yu`t`ks sh` byyu`fnbsnjk jd sh`

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599390/ hj}`t`u/ sh` Lju`bk }jk }bv booj}`c sjbyyu`fnbs` e~ bejps 50 y`uf`ks jk b U@@U ebvnv+

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fjgybu`c }nsh 26 y`uf`ks jk bt`ubm` cpunkm 599295

bkc 20 y`uf`ks cpunkm 599094+ Sh` byyu`fnbsnjk jd

sh` }jk cpunkm 599390 u`st`fs`c shbs fbynsbo bkc fpu'

u`ks bffjpks nkstj}v }`u` nkfu`bvnkm vhbuyo~+ Sh` ebvnf

ebobkf` jd yb~g`ksv (sh` vpg jd fpuu`ks bffjpks/ DCN/

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8/3/2019 Koreas Money Market

9/13

DNKBKFNBO NKVSNSPSNJKV BKC GBUL@SV 5=

>9

>0

299

290

229

220

259

250

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+599=

2Abk

+599=

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2Abk

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49

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259

209

289

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539

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8/3/2019 Koreas Money Market

10/13

58 SH@ LJU@B @FJKJGNF NKVSNSPS@

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39

69

59

29

9

29

59

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93

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96

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95

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8/3/2019 Koreas Money Market

11/13

DNKBKFNBO NKVSNSPSNJKV BKC GBUL@SV 5>

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8/3/2019 Koreas Money Market

12/13

69 SH@ LJU@B @FJKJGNF NKVSNSPS@

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>39 sj >20 y`u P+V+ cjoobu+

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8/3/2019 Koreas Money Market

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