South Korea Weighs Large-Scale Purchases of Long-Term US Treasuries

Cointime reports: South Korea is considering large-scale purchases of long-term US Treasuries to boost its foreign exchange reserves and strengthen economic ties with Washington, the Korea Economic Daily reported, citing people familiar with the matter. Seoul and the Bank of Korea recently floated the idea to the US, which responded positively. The size has not been set, but purchases are expected to total at least tens of billions of dollars, enough to significantly lift reserves.