South Korea’s Financial Supervisory Service published its quarterly ABS statistics, reporting KRW13.3 trillion of asset-backed securities issuance in the third quarter of 2025, up 23.9% from a year earlier, with growth concentrated in loan-based securitisations. Loan-based ABS issuance rose 36.2% year on year to KRW8.3 trillion, led by mortgage-backed securities increasing to KRW5.1 trillion and real estate project financing (PF) ABS rising to KRW1.2 trillion. ABS backed by accounts receivables fell 2.8% to KRW3.7 trillion, driven by a decline in instalment sales receivables, while credit card receivables increased. By issuer, Korea Housing Finance Corporate issuance (MBS) increased 28.7% to KRW5.1 trillion, financial companies’ issuance was broadly flat at KRW5.8 trillion, and non-financial companies more than doubled to KRW2.4 trillion as real estate PF-ABS expanded. The ABS outstanding balance totalled KRW243.5 trillion at end-September 2025, down 5.9% from a year earlier.
South Korea Financial Supervisory Service 2025-11-06
South Korea Financial Supervisory Service reports Q3 2025 ABS issuance up 23.9% year on year to KRW13.3 trillion
South Korea's Financial Supervisory Service reported a 23.9% year-on-year increase in asset-backed securities (ABS) issuance to KRW13.3 trillion in Q3 2025, driven by a 36.2% rise in loan-based securitisations. Mortgage-backed securities issuance reached KRW5.1 trillion, while real estate project financing ABS rose to KRW1.2 trillion. The total ABS outstanding balance was KRW243.5 trillion at the end of September 2025, a 5.9% drop from the previous year.