Bloomberg News

S. Korea’s Asset-Backed Securities Sales Fall in Third Quarter

November 16, 2011

Nov. 17 (Bloomberg) -- Sales of asset-backed securities in South Korea dropped 5.6 percent in the third quarter as state- run companies reduced the issuance of mortgage-backed securities, the nation’s financial regulator said.

South Korean financial companies and mortgage agencies sold 6.53 trillion won ($5.7 billion) of asset-backed securities in three months ended Sept. 30, compared with 6.91 trillion won a year earlier, the Financial Supervisory Service said in an e- mailed statement today.

--Editor: Miller

To contact the reporter on this story: Shinhye Kang in Seoul at skang24@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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