Direct Corporate Financing Decreases in November 2012

Press Release

December 17, 2012

Financial Supervisory Service www.fss.or.kr

Direct Corporate Financing Decreases in November 2012 Direct corporate financing[1] through stock and bond issues in November 2012 totaled KRW9.802 trillion, down 27.7% or KRW3.751 trillion from KRW13.553 trillion a month earlier. Direct corporate financing from January through November 2012 totaled KRW122.523 trillion, down 6.7% from KRW131.272 trillion in the same period last year.

Corporate Financing through Public Offering

(KRW in billions) 2010 2011 Jan.- Nov. Jan.- Nov. 2011 2012 YoY change (%) -6.7 -85.3 -80.3 -86.7 0.3 -5.0 -3.0 49.6 -5.2 Oct. 2012 Nov. 2012 MoM change (%) -27.7 -15.5 244.1 -53.3 -27.8 -40.6 -14.4 -43.5 2.5

Total Subtotal (stocks) IPOs Rights issues Subtotal (bonds) Nonfinancial bonds Financial bonds ABS Bank debentures

123,258.4 143,393.7 131,271.6 122,522.7 10,339.3 4,303.9 6,035.4 12,901.8 2,438.5 10,463.3 10,662.1 2,311.4 8,350.7 1,563.4 454.4 1,109.0

13,553.2 146.4 18.6 127.8 13,406.8 6,438.4 2,942.9 1,723.4 2,302.1

9,801.8 123.7 64.0 59.7 9,678.1 3,827.0 2,518.2 972.9 2,360.0

112,919.1 130,491.9 120,609.5 120,959.3 45,765.8 26,534.7 11,123.3 29,495.3 61,797.3 27,262.2 12,598.2 28,834.2 57,354.5 25,230.9 10,839.9 27,184.2 54,479.0 24,477.1 16,220.2 25,783.0

Debt Financing Bond issues totaled KRW9.678 trillion in November 2012, down 27.8% or KRW3.729 trillion from KRW13.407 trillion a month earlier.

[1]

Direct Corporate Financing (Press Release Notes No. 10) Link 1/4

Financial Supervisory Service www.fss.or.kr

(Non-financial bonds) In November 2012, non-financial companies raised KRW3.827 trillion in bond issues, down 40.6% or KRW2.611 trillion from KRW6.438 trillion a month earlier. The modest rise in interest rates (treasury yields rising from 2.77% to 2.83%) led to a drop in bond issues and demand has been staggering since Woongjin Holdings filed for court receivership. (Financial bonds) Financial companies raised...