Loan limit 'nationwide 3billion won' applied, causing settlement chaos and swings in the private bond market
With the loan limit regulation of 'nationwide 3billion won' applied, end-users are struggling to secure final payments, while trading and issuance in the private bond market have expanded to record levels. Separately, in a volatile market earlier this 7month, the scale of forced liquidation by individual investors surged to 1,400hundreds of millions of won a day.
Under financial rules, the nationwide loan limit is applied at '3billion won,' making it difficult for end-users to prepare final payments. A report on the 7th11day said some buyers failed to secure funds because their loans exceeded the limit on the settlement date, delaying payments.
The same report said the private bond market is growing to record levels. It added that as issuance and trading became more active, the volume of private bond-related transactions and interest rates moved noticeably.
Meanwhile, on 7the 10day of this month, the scale of forced liquidation by individual investors in the market surged to 1,400hundreds of millions of won per day. Reports said liquidations driven by margin calls concentrated amid record volatility.
There was also news related to telecom companies. KT said that its in-house education platform, AI Station, had been internationally recognized 7in 12and announced it on the day.
Changes to health and transport-related regulations were also announced. It was reported that fake ambulances will be cracked down on using GPS, that a % surcharge will be applied to holiday calls, and that a new hospital waiting fee will be introduced.20It was reported that fake ambulances will be cracked down on using GPS, that a % surcharge will be applied to holiday calls, and that a new hospital waiting fee will be introduced.
These reports are simultaneously affecting the financial markets and some industry sectors. Investors should check disclosures from each company and announcements from the financial authorities.