Less place for kimchi on Thai tables

Thai 'kimchi' fund managers have been the biggest buyers of Korean debt in the past few years, but as the Korean won basis tightens, this trend is slowly changing.

Within fixed-income circles in Thailand, when people mention the word "kimchi" they’re not talking about their favourite dish or watering hole in Seoul. They’re talking about the big pool of Korean sovereign and central bank debt that Thai investors have dived into head-first over the past three-and-a-half years.

¬ Haymarket Media Limited. All rights reserved.

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