Market View: South Korean insurer Heungkuk Life Insurance's flip flop move, South Korean bond rout, Thailand's banking sector outlook

Your Way Home with Hongbin Jeong · Nov 10, 2022 · 7m

South Korean and Thai credit markets are at the heart of our discussion today. Speaking of South Korea, the country has been scrambling to prevent a credit market meltdown from sparking broader contagion, after local corporate bonds suffered one of the most rapid sell-offs in the past three months. More recently, South Korean insurer Heungkuk Life Insurance said it’ll delay the buying back of perpetual bonds,citing unfavourable market conditions and the US Federal Reserve’s hawkish stance. That move triggered a perpetual bond rout in Asia. While Heungkuk Life has decided to reverse its…