Bond Koreana 0% ( KRC0350C38C5 ) in KRW

Issuer	Koreana
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KRC0350C38C5 ( in KRW )
Interest rate	0%
Maturity	10/12/2038
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Minimal amount	10 000 KRW
Total amount	/
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 analysis focuses on a specific sovereign bond issued by the Republic of Korea, identified by the ISIN KRC0350C38C5. The issuer, Korea, represents the sovereign entity of South Korea, a highly developed and export-oriented economy renowned globally for its technological advancements, robust manufacturing sector encompassing electronics, automotive, and shipbuilding industries, and its dynamic financial markets. As a major player in the global economy, South Korea's sovereign debt is generally perceived as a strong credit risk, reflecting the country's stable economic fundamentals and sound fiscal management. This particular bond, denominated in Korean Won (KRW), is structured as a zero-coupon obligation, meaning it features a 0% interest rate. While zero-coupon bonds are typically purchased at a discount to their face value to generate a return for investors upon maturity, this specific instrument is currently quoted on the market at 100% of its nominal value. It has a long-term maturity date of December 10, 2038. The bond's payment frequency is noted as 1, which for a zero-coupon instrument implies a single payment of the principal amount at its maturity. The minimum lot size for investment in this bond is set at 10,000 units, facilitating trading among institutional and potentially retail investors. This bond therefore represents a long-term debt instrument issued by a major Asian economy, characterized by its unique zero-coupon structure and current market pricing at par.