South Korean Securities Settlements Decrease in Third Quarter

Seoul:The daily amount of securities settlements in the South Korean financial market saw a decline in the third quarter compared to the previous three months, according to industry data.

According to Yonhap News Agency, an average of 35.4 trillion won (US$26.5 billion) in securities was processed daily through the Korea Securities Depository (KSD) between July and September. This marks a 16.5 percent decrease from the previous quarter.

On the stock exchange, the daily average of transactions fell by 12.4 percent on a quarterly basis to 8.8 trillion won. Meanwhile, the bond exchange experienced a 17.7 percent quarterly drop, with a daily average of 26.6 trillion won in debt transactions during the same period.