Korea’s debt financing in woes as $34 bn in corporate bonds mature in H1

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Korea’s debt financing in woes as $34 bn in corporate bonds mature in H1 - Korea Economic Daily

Quick Summary:

South Korea’s financial markets will see nearly 50 trillion won ($34 billion) in corporate bonds mature in the first half of next year – an all-time high for six months – boding ill for companies seeking to raise funds amid worsening business conditions.

According to the Korea Financial Investment Association and Koscom on Wednesday, the total amount of corporate bonds maturing in the first half of 2025 is estimated at 49.8 trillion won, the largest amount ever for a half-year period.About 26.6 trillion won in corporate bonds will mature in the first three months of 2025 and 23.2 trillion won worth of bonds in the second quarter.

SK Group has the largest corporate debt maturing in the first half at 6.25 trillion won, followed by Lotte Group with 4.27 trillion won and LG Group with 3.18 trillion won.Samsung Electronics Co.has 2.75 trillion won in corporate bonds set to mature by the end of June, while Jungheung Construction Co.has 2.26 trillion won in maturing debt.Hanwha Corp.and GS Holdings have 1.55 trillion won and 1.45 trillion won in maturing debt, respectively.