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 earlier move to exercise a call option on its perpetual notes, we want to find out the outlook for South Korea’s bond markets. 

Closer to home, investors continue to watch Thailand’s banking sector even as the country recovers from the troughs of the pandemic. But why is this the case? 

On Market View, Prime Time's finance presenter spoke with, Rena Kwok, Credit Analyst at Bloomberg Intelligence for more.