Corporate direct financing climbs 11.1 percent in H1

Finance

Published: 23 Jul. 2024, 19:31

Corporate direct financing climbs 11.1 percent in H1

Financial Supervisory Service headquarters in Yeouido, western Seoul [YONHAP]

Corporate direct financing in Korea climbed 11.1 percent on year in the first half of this year, as more companies tapped the bond market to raise funds, data showed Tuesday.

Local companies raised a combined 138.3 trillion won ($99.4 billion) by selling stocks and bonds in the first half of the year, up 13.7 trillion won from a year ago, according to the data from the Financial Supervisory Service.

Corporate stock sales jumped 85.5 percent on year to 5 trillion won, while the value of initial public offerings stood at 1.5 trillion won.

Bond offerings rose 9.4 percent on year to 133 trillion won in the first half, the data showed.

Yonhap