Go to content


Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Weekly Briefs (Sept. 30 - Oct. 4)

Weekly Briefs (Sept. 30 - Oct. 4)

Oct. 7, 2013

Download Weekly Briefs (Sept. 30 - Oct. 4) PDF email Print
Monday, September 30
Upon uncertainties surrounding the US Federal Reserve's quantitative easing cut, Korean companies' issuance of stocks declined while their bond issuances increased. According to the Financial Supervisory Service (FSS), domestic firms raised 8.8 trillion won in funds through direct financing in August, up 34.2% from the previous month. While the amount of stocks issued slumped 56.6% month-on-month to log 87.7 billion won, corporate bond issuances expanded 37.1% to 8.71 trillion won. The decrease in stock issuances is related to the decline in initial public offerings (IPO) and rights issues. Meanwhile, the BOK attributed rising bond issuances to companies' move to secure finances through bond sales before the US's implementation of an exit strategy. During the January-August period, the combined corporate direct financing amounted to 75.35 trillion won, down 13.7% from a year before.

For the remaining weekly summary of major economic announcements and data for the week, click the pdf icon above.
Go to list