S. Korea's direct financing falls 12.9 pct in Nov.

SEOUL, Dec. 24 (Yonhap) -- South Korean companies' direct financing declined 12.9
percent in November from a month earlier due to decreased issuances of stocks and
bank bonds, the financial watchdog said Thursday.
Local companies raised 8.24 trillion won (US$6.96 billion) by floating stocks and
bonds in November, compared with 9.47 trillion won the previous month, according
to the Financial Supervisory Service.
In the January-November period, they raised 112.3 trillion won, up 10.8 percent
from a year ago, it added.
Last month, stock floating tumbled 56.2 percent on-month to 391.9 billion won
while corporate debt sales reached 6.5 trillion won, up 25 percent from the
previous month, the watchdog said.
But bonds issued by local banks plunged 60 percent on-month to 1.35 trillion won
in November, it added.
sooyeon@yna.co.kr
(END)