Bond Koreana 0% ( KRC0350C6935 ) in KRW

Issuer	Koreana
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KRC0350C6935 ( in KRW )
Interest rate	0%
Maturity	10/03/2069
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Minimal amount	1 000 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. The financial markets are currently observing a distinctive sovereign bond issuance from the Republic of Korea, identified by the ISIN KRC0350C6935, offering investors a unique proposition originating from one of Asia's most robust and technologically advanced economies. The Republic of Korea, commonly known as South Korea, stands as a prominent global economic powerhouse and a highly creditworthy sovereign issuer on the international stage, boasting a sophisticated, export-driven economy characterized by strong macroeconomic fundamentals, innovation, and a leading position in sectors such as technology, automotive, and shipbuilding; its prudent fiscal management and resilient financial system have consistently earned it high sovereign credit ratings from major agencies, underscoring its reliability as a borrower that regularly taps international debt markets to finance public expenditures, manage its national debt profile, and provide benchmark yields for its domestic financial system. This particular bond, classified as a standard obligation (bond), is issued by the Republic of Korea, with the country of issuance officially designated as South Korea, ensuring clarity on the governing legal framework and jurisdictional oversight. A striking feature of this instrument is its remarkably long maturity date, set for March 10, 2069, positioning it as an ultra-long-term investment vehicle, with the bond's denomination currency being the Korean Won (KRW). Intriguingly, the bond is characterized by a stated interest rate of 0%, and in conjunction with its current market price standing at 100% of its face value, this implies a highly unconventional yield profile for a traditional fixed-income instrument, as for a bond trading at par with a zero-coupon rate over such an extended maturity, the direct return from periodic interest payments or capital appreciation (assuming redemption at par) would be nil; this structure suggests potential implications for investors, possibly indicating that the instrument's value proposition lies elsewhere, or it may cater to specific portfolio strategies that prioritize capital preservation in nominal terms over yield generation, especially in a zero-interest-rate environment, or alternatively, such a structure in a sovereign context can sometimes point towards an inflation-indexed bond, where the 0% represents a real coupon and the principal is adjusted for inflation, though this specific detail is not explicitly stated. The minimum lot size for investment in this bond is set at 1,000 units, making it accessible to institutional investors and potentially larger individual portfolios, while regarding payment frequency, the information indicates "1," which typically signifies an annual frequency, however, given the 0% interest rate, there would be no explicit coupon payments, which might refer to an annual calculation basis for internal accounting or a principal revaluation mechanism if it were an inflation-linked bond. This bond from the Republic of Korea represents a notable addition to the sovereign debt landscape, primarily due to its exceptional maturity and its distinctive 0% coupon rate at par, and its characteristics present a unique proposition for investors seeking exposure to Korean sovereign credit over a multi-decade horizon, requiring careful consideration of its pricing and yield dynamics within a broader investment strategy.