July Stock Issuance Volume 1.5 Trillion Won... 13% Decrease Compared to Previous Month

Impact of the Absence of Large Corporation Capital Increase

Last month, the scale of stock issuance decreased compared to the previous month. This is largely attributed to the absence of large-scale paid-in capital increases.

According to the "Direct Financing Performance of Companies in July" announced by the Financial Supervisory Service on the 21st, the scale of stock issuance last month was 1.5109 trillion KRW, down 225.7 billion KRW (13.0%) from June (1.7366 trillion KRW).

Among them, initial public offerings (IPOs) amounted to 1.2271 trillion KRW, an increase of 824.8 billion KRW (205.0%) during the same period. The Financial Supervisory Service explained that this was due to the successful listing of two large-scale KOSPI IPOs (Shift Up and Sanil Electric). On the other hand, paid-in capital increases sharply declined by 1.0505 trillion KRW (78.7%) to 283.8 billion KRW due to the absence of large-scale paid-in capital increases by major corporations.

The scale of corporate bond issuance last month was 20.1036 trillion KRW, up 1.7352 trillion KRW (9.4%) from the previous month (18.3684 trillion KRW). As of the end of last month, the outstanding balance of corporate bonds was 659.8151 trillion KRW, an increase of 1.6717 trillion KRW (0.3%) from the previous month (658.1434 trillion KRW).

During the same period, the issuance of general corporate bonds was 3.179 trillion KRW, down 391 billion KRW (11.0%), while financial bonds increased by 2.9432 trillion KRW (22.0%) to 16.3374 trillion KRW.

In July, commercial paper (CP) issuance amounted to 40.6137 trillion KRW, up 908.8 billion KRW (28.1%) from the previous month, and short-term bonds increased by 924.4 billion KRW (2.6%) to 74.9093 trillion KRW.

This content was produced with the assistance of AI translation services.