South Korea DLS/DLB issuance hit record low

DLB sales in South Korea have declined by 28.7% to KRW1.8 trillion (US$1.5 billion) in Q3 21 quarter-on-quarter (QoQ), or down 59.3% year-on-year (YoY). In the meantime, DLS sales declined by 26.1% to KRW1.2 trillion QoQ, or down 31.4% YoY along with falling issuance. Both DLB and DLS posted a record low issuance at 198 and 163, respectively, according to the latest report from the Korea Securities Depository (KSD). Together DLB and DLS saw sales halved YoY, or 27.7% lower QoQ, with public a