Seoul: Bond issuance in South Korea experienced a decline in July as a result of decreased government and special bond issues, as indicated by recent data. The overall value of bonds sold during the month amounted to 84 trillion won (US$60.4 billion), marking a decrease of 4.6 trillion won from June.
According to Yonhap News Agency, the Korea Financial Investment Association (KOFIA) reported a significant drop in government bond issuance, which fell by 8.7 trillion won, bringing the total to 26.2 trillion won for the month. This decline was the most substantial among the different types of bonds issued.
Corporate bond issuance also saw a slight decrease, dropping by 0.5 trillion won to reach 8.6 trillion won over the same period. Meanwhile, the issuance of environment, social, and governance (ESG) bonds, which are aimed at supporting corporate activities in sustainable and environmentally friendly projects, stood at 5.1 trillion won. This represents a decrease of 0.2 trillion won compared to June's figures.