Issuance of asset-based securities soars 36% in Q1

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Issuance of asset-based securities soars 36% in Q1

Published: 30 Apr. 2026, 09:36

The Financial Supervisory Service headquarters in Yeouido, western Seoul, on Aug. 15, 2022 [NEWS1]

The issuance of asset-based securities (ABSs) in Korea climbed sharply in the first quarter due to a rise in the issuance of mortgage-backed securities (MBSs), data showed on Thursday.

The ABSs issued came to 11.35 trillion won ($7.71 billion) from January through March, up 36 percent, or 3 trillion won, from a year earlier, according to data from the Financial Supervisory Service.

ABSs refer to securities based on assets such as mortgages, auto loans, credit card receivables and student loans.

The rise came as MBSs issued by the Korea Housing Finance spiked 92 percent on year to 5.08 trillion won over the cited period.

As of the end of March, the value of outstanding ABSs stood at 243.9 trillion won, down 2.8 percent, or 7.1 trillion won, from a year before, the latest data showed.

Yonhap