[Institution: South Korea's Bond Market Prices in Excessive Rate Hike Expectations, Short-Term Bonds Present Buying Opportunity] According to a report by Jinse Finance on May 26, NH Amundi Asset Management stated that South Korea's bond market has priced in excessive central bank rate hike expectations, creating a buying opportunity for short-term bonds. The institution's Executive Director Han Soo-il mentioned in an interview that one- to two-year government bonds are "cheap" at current levels and pointed out that the swap market has unrealistically priced in multiple 25-basis-point rate hikes by the first half of 2027. "Before the rate hike cycle has even begun, the market has priced in four to five rate hikes, which is highly unusual," Han Soo-il said. Looking ahead to the next policy meeting, Han Soo-il noted that the key focus will be the Bank of Korea's GDP forecast for 2027 to assess the sustainability of the artificial intelligence chip boom, rather than its short-term outlook for this year. He expects the central bank to forecast 1.9% economic growth for 2027 and to implement one rate hike in July, followed by a prolonged period of inaction.