April 26, 2024

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[THE INVESTOR] Korean companies’ equity and debt sales plunged about 30 percent in October from the previous month, government data showed on Nov. 28.

Local companies raised 10.7 trillion won (US$9.80 billion) by selling stocks and bonds last month, down 30.6 percent from September, according to the data from the Financial Supervisory Service.

Stock sales, including seven initial public offerings, tumbled 82.6 percent on-month to 116.5 billion won in October.

The value of corporate bonds floated in October, including bank bonds and asset-backed securities, sank 28.2 percent on-month to 10.6 trillion won.

By Alex Lee and newswires (alexlee@heraldcorp.com)