Korean companies’ equity and debt sales fell 24.1 percent on-month in May, hit by a decline in sales of corporate debts and new stocks, government data showed Thursday.
Local companies raised 14.5 trillion won (US$12.90 billion) by selling stocks and bonds last month, down 4.6 trillion won from a month earlier, according to the data from the Financial Supervisory Service.
Stock sales, including five initial public offerings, plunged 88.7 percent on-month to 171 billion won last month.
The value of corporate bonds floated in May, including bank bonds and asset-backed securities, fell 18.6 percent from a month earlier to 14.3 trillion won.
By Song Seung-hyun and newswires (firstname.lastname@example.org