Corporate direct financing in South Korea fell sharply in November from a month earlier on a fall in both stock and debt sales, data showed Monday.
Local companies raised a combined 25.59 trillion won ($17.65 billion) last month by selling stocks and bonds, down 5.49 billion won, or 17.7 percent, from 31.09 trillion won in October, according to the data from the Financial Supervisory Service.
Stock sales declined to 486 billion won last month from the previous month's 768 billion won, with share sales via initial public offerings totaling 188 billion won.
Corporate bond sales also dropped 17.2 percent on-month, or 5.22 trillion won, last month to 25.1 trillion won.
The value of outstanding corporate bonds stood at 689.75 trillion won as of end-November, up 5.88 trillion won from a month before. (Yonhap)
