00:02it's thursday september 24th let's break down what's happening in korea's financial sector
00:08korea's corporate short-term bonds maturing within the year have hit 268 trillion won
00:15that's the highest level in four years short-term issuance now makes up 52.4 percent of one-year
00:22card company bonds up from just 3.6 percent rate hikes have pushed companies toward shorter
00:30duration debt to manage borrowing costs card companies in particular have shifted sharply
00:35toward one-year paper regulators are now watching for refinancing risk if credit conditions tighten
00:42further here's what the numbers show 268 trillion won in corporate commercial paper and short-term
00:49bonds now mature within the year the highest level in four years one-year card company bond issuance
00:57jumped to 52.4 percent of total issuance up from just 3.6 percent previously total short-term debt
01:05outstanding across cp and short bonds has climbed toward roughly 500 trillion won separately five
01:13major financial holding companies face a wave of ceo transitions with several chief executive
01:19terms expiring between august and january so what does this mean for financial institutions and
01:25regulators earlier we said korea's short-term corporate debt maturing this year has hit a
01:31four-year high of 268 trillion won here's what that actually means for you refinancing risk is
01:38concentrating in a shorter window so any credit market stress next year would hit issuers faster than in
01:45prior cycles the wave of ceo transitions at major financial holding companies adds a leadership
01:52variable on top of that funding risk refinancing activity data as the 268 trillion won in short-term
02:00debt comes due card companies funding cost trends as short-term issuance keeps rising ceo succession
02:07announcements at korea's five major financial holding companies that's today's ai prism finance daily
02:15this episode was produced with ai assistance based on seoul economic daily reporting
02:20and reviewed by a human editor ai prism is a wani for award-winning series we'll be back tomorrow
