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Economy

Corporate debt market in Korea

  • Corporate debt market in Korea
  • Choi, Paul Moon Sub
  • [Washington, DC, U.S.] : Korea Economic Institute of America
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Title Corporate debt market in Korea
Author Choi, Paul Moon Sub
Publisher [Washington, DC, U.S.] : Korea Economic Institute of America
Publication Date 2017
Material Type Article
Country South Korea Holding Korea Economic Institute of America
Language English License
Pages 6

Abstract

This report conducts an analysis of the corporate bond market in Korea and the changes in interest rates and term structure since the 1997 Asian financial crisis. The potential risks and solutions for stabilizing the corporate debt market are discussed. Corporate bonds not only play an important role in financing long-term corporate investments but also have a positive and persistent influence on enhancing the capital markets. Thus, the authorities in Korea have attempted to increase the proportion of corporate bonds, which is a means of direct financing, rather than bank loans. Implementing specific plans to stabilize the corporate debt market that are mentioned in this report are critical to sustaining the Korean capital markets as a means towards continued economic growth and prosperity.

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