Republic of Korea
Market Watch
| Close of March 26, 2020 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 1.069 | ▼ 2.3 | ▼ 9.9 | ▼ 29.6 |
| 5 Year | 1.280 | ▼ 10.4 | ▼ 17.6 | ▼ 19.0 |
| 10 Year | 1.505 | ▼ 11.5 | ▼ 16.5 | ▼ 16.7 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| KRW per USD | 1,233.300 | ▼ 0.3 | ▲ 4.1 | ▼ 6.7 |
| KRW per JPY | 11.255 | ▼ 1.8 | ▲ 3.1 | ▼ 5.8 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| 1D KORIBOR | 0.670 | ▼ 12.0 | ▲ 9.0 | ▼ 56.0 |
| 3M KORIBOR | 1.100 | ▲ 2.0 | ▲ 5.0 | ▼ 80.0 |
|
* Interest rate changes are expressed in basis point change. |
||||
Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (16-Mar-2020) |
Previous Rate (27-Feb-2020) |
YTD Rate |
|
| BOK Base Rate | 0.750 | ▼ 50.0 | ▼ 50.0 | |
|
* Policy rate changes are expressed in basis point change. |
||||
Sovereign Ratings
| Agency | Rating | Outlook | Date | |
|---|---|---|---|---|
| Regional Rating Institutions | ||||
| R&I | A+ | stable | 2016-07-25 | |
| RAM | AA3 | stable | 2019-05-07 | |
| Non-Regional Rating Institutions | ||||
| Fitch | AA- | stable | 2016-10-20 | |
| S&P | AA | stable | 2017-08-18 | |
NEWS HIGHLIGHTS
- Korea's current account surplus narrows sharply in Jan.
- South Korea Unveils $9.8B Extra Budget to Stem Virus Fallout
- S. Korea proposes 11.7 tln-won extra budget to fight virus, shore up economy
- BOK chief strongly hints at rate cut following U.S.'s unexpected move
- Korea's Q4 economic expansion faster than expected, annual growth unchanged
Read full index for News and Commentary
BOND ISSUANCES
- Size of LCY Bond Market
- Size of LCY Bond Market in % of GDP
- Monthly Bonds Outstanding in USD
- FCY Bonds Outstanding
- Breakdown of LCY Bond Market Issuance
- G3 Currency Bond Issuance
- Government Securities Maturity Profile - LCY
- Corporate Securities Maturity Profile - LCY
- Investor Profile - Government Bonds
- Foreign Holdings in LCY Government Bonds
- Trading Volume
- Bonds Turnover Ratio
- Interest Rate Spread - 2yrs vs 10yrs - LCY Bond
- Yield Volatility - 10yr LCY Bonds
- Credit Spread - LCY Corp. Bonds vs Govt. Bonds
- Bid-Ask Spreads (Survey data)
- Government Bond Market Structural Issues
- Corporate Bond Market Structural Issues
ASEAN+3 Bond Market Guide
ASEAN+3 Bond Market Guide 2018: Republic of Korea
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides
information such as the history, legal and regulatory framework, specific characteristics of the market,
trading and transaction (including settlement systems), and other relevant information. The ASEAN+3
Bond Market Guide 2018 Republic of Korea is an outcome of the strong support and kind contributions
of ASEAN+3 Bond Market Forum members and experts, particularly from the Republic of Korea.
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Market Summary
Size and Composition
The Republic of Korea's local currency (LCY) bond market expanded 1.6% quarter-on-quarter (q-o-q) in the fourth quarter of 2019 to reach a size of KRW2,407.6 trillion (USD2,083.0 billion) at the end of December. The increase was largely driven by growth in the corporate segment. LCY corporate bonds outstanding rose 2.7% q-o-q to KRW1,455.7 trillion, while outstanding government bonds fell 0.2% q-o-q to KRW951.9 trillion at the end of December. On a year-on-year basis, the Republic of Korea's LCY bond market expanded 7.6%.
Corporate Bond Issuance
Corporate bond issuance in the Republic of Korea surged 30.5% q-o-q in the fourth quarter of 2019 to KRW157.6 trillion from KRW120.7 trillion in the previous quarter.
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