Bond Koreana 1% ( KR101502D981 ) in KRW

Issuer	Koreana
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR101502D981 ( in KRW )
Interest rate	1% per year ( payment 1 time a year)
Maturity	31/08/2024 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	1 032 108 090 000 KRW
Detailed description	South Korea is a highly developed East Asian nation known for its technological advancements, vibrant culture, and significant contributions to global entertainment, including K-pop and K-dramas. This financial article details the specifics and recent redemption of a sovereign bond issued by the Republic of Korea, identified by its ISIN KR101502D981. The Republic of Korea, commonly known as South Korea, stands as a leading Asian economy characterized by its highly developed, technology-driven industrial landscape, robust export sector encompassing electronics, automotive, and petrochemical industries, and a history of prudent fiscal management. Its sovereign debt instruments are generally regarded as investment-grade, reflecting the nation's economic stability and strong credit profile. The bond, denominated in Korean Won (KRW), featured an interest rate of 1% and represented a total issuance size of KRW 1,032,108,090,000. Investors were able to acquire this bond with a minimum purchase size set at KRW 10,000. Originally set to mature on August 31, 2024, with a payment frequency designated as '1', the bond had been trading at 100% of its par value on the market prior to its conclusion. Crucially, as of the latest information, this specific bond has officially matured and all outstanding principal and accrued interest have been fully redeemed, signaling the successful conclusion of its lifecycle within the capital markets.