After some renewed confidence in the financial sectors, South Korea plans to issue bonds overseas in an attempt to raise dollars and boost its own economy, along with related exchange traded fund (ETF).

The South Korean government is going to sell dollar-denominated foreign exchange stabilization bonds, worth an estimated $1 billion, in hopes of bringing in dollars and to increase the won’s value, reports Lee Hyo-sikfor The Korea Times.

State-owned banks, the Korea Development Bank and the Industrial Bank of Korea are poised to issue dollar-denominated bonds overseas as soon as the markets ameliorate.

Short-term bonds have been issued in the past in order to raise capital, and now they are planning to sell mid- and long-term bonds to a wider range of investors because of increased interest in South Korean notes.

If an investor is considering stocks for an international portfolio, remarks Nicksuno for Bukisa, the best way to play the Korean economy is said to be through its country-related ETF because an investor can easily find out the general economic conditions of a country. Whereas, information on individual companies could be harder to come by since quarterly reports may in Korean.

• iShares MSCI South Korea Index (EWY): up 10.6% in the last month; note that it’s above its 50-day moving average
  

Max Chen contributed to this article.

Tags: Asia, Emerging Markets, EWY, Global ETFs, South Korea, South Korean Won