Section
Rates
Korean government and corporate bonds, yields, and the policy rate.
Every kind of Korean bank loan turned more variable this year. Companies moved fastest.
The fixed-rate share of outstanding bank loans fell across corporates, households and mortgages over the year to June. Companies led it, dropping nearly eight points to 31%. Mortgages stayed the most fixed, at 63%.
Korea's provinces all borrow at the same price — the gaps are empty order books
Seventeen regional governments issue near-identical bonds. In the vintages that actually trade, the widest gap between any two provinces is 3.2 basis points — narrower than the day-to-day swing inside a single province's own bond.