SEOUL -- The Bank of Korea said Friday that it will buy 5 trillion won ($4.5 billion) to 7 trillion won worth of government bonds by June, a move that comes in tandem with the government's plans to issue more debt to cover mounting costs stemming from the pandemic.
The central bank will announce details of the purchase in the secondary bond market one day before bidding. Seven banks and 13 brokerages selected by the BOK will bid for the bonds.
