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Issuance of Asset-Backed Securities, First Half 2020

July 31, 2020

The amount of asset-backed securities (ABS) issued in the first half of 2020 came in at KRW43.6 trillion in total, up KRW21.6 trillion or 98.2% from the same period a year ago. The growth was mostly attributable to a greater issuance of mortgage-backed securities (MBS) by the Korea Housing Finance Corporation (KHFC). Compared to a year ago, the KHFC’s MBS issuance increased by KRW18.3 trillion. Furthermore, financial companies and non-financial companies also expanded their issuance by KRW1.7 trillion and KRW1.6 trillion, respectively.