South Korea’s Financial Supervisory Service (FSS) published its September 2025 statistics on corporate financing, showing combined debt and equity issuance of KRW28.6941 trillion, up 47.0% from August. Issuance of commercial paper (CP) and short-term bonds totalled KRW150.0326 trillion, up 12.0% month on month. Equity issuance fell 58.3% to KRW369.8 billion, with four initial public offerings raising KRW243.1 billion and rights offerings dropping 78.5% to KRW126.7 billion. Debt issuance rose 52.0% to KRW28.3243 trillion, driven by corporate bond issuance jumping from KRW862.0 billion to KRW5.7130 trillion and financial debentures increasing 22.0% to KRW20.6718 trillion; asset-backed securities issuance increased to KRW1.9395 trillion, including KRW583.0 billion of primary collateralized bond obligations, taking the outstanding balance of debt to KRW741.8878 trillion at end-September. CP issuance increased 25.8% to KRW48.0210 trillion and short-term bond issuance rose 6.5% to KRW102.0116 trillion, with outstanding balances of KRW230.3848 trillion and KRW81.8341 trillion, respectively.