The South Korea Financial Supervisory Service has published first quarter 2026 asset-backed securities data showing issuance reached KRW11.4 trillion, up KRW3.0 trillion or 36.0 percent from a year earlier. The increase was driven by higher loan-backed and accounts receivable-backed issuance, especially mortgage-backed securities, while primary collateralized bond obligation issuance declined and real estate project finance ABS fell year on year. Loan-backed ABS rose to KRW7.6 trillion from KRW5.5 trillion, with MBS increasing to KRW5.1 trillion from KRW2.6 trillion. Accounts receivable-backed ABS increased to KRW3.1 trillion from KRW2.0 trillion, led by credit card receivables and installment sales receivables. By issuer, Korea Housing Finance Corporation issuance rose 92.0 percent year on year to KRW5.1 trillion and financial companies increased issuance to KRW4.6 trillion, while non-financial companies fell 38.5 percent to KRW1.6 trillion because of lower real estate PF-ABS. The outstanding ABS balance stood at KRW243.9 trillion at end-March 2026, down KRW7.1 trillion or 2.8 percent from a year earlier.
South Korea Financial Supervisory Service 2026-04-30
South Korea Financial Supervisory Service reports first quarter 2026 ABS issuance up 36 percent to KRW11.4 trillion on stronger MBS and receivables issuance
The South Korea Financial Supervisory Service reported that first quarter 2026 asset-backed securities issuance rose 36.0 percent year on year to KRW11.4 trillion, driven by higher loan-backed and accounts receivable-backed issuance, particularly mortgage-backed securities. Issuance by Korea Housing Finance Corporation nearly doubled to KRW5.1 trillion and financial companies rose to KRW4.6 trillion, while non-financial issuance fell on weaker real estate project finance ABS. The outstanding ABS balance declined 2.8 percent year on year to KRW243.9 trillion at end-March 2026.