Korea’s CD Rate Hits a 22-Month High as Bond Yields Fall | November 09 2026 | Front Page Daily

Korea’s government bond yields are falling, but the rate tied to most bank corporate loans is moving the other way.
The three-month certificate of deposit (CD) rate rose to 3.34% from 3.22% at the end of September, its highest in one year and ten months. Over the same period, the three-year government bond yield fell 0.398 percentage points to 3.613%. Banks issued 7.775 trillion won (about $5.73 billion) in CDs in October, the most this year, to secure year-end funding amid the possibility of a Bank of Korea rate hike. With 60% to 70% of corporate loans at major banks such as Woori and Hana linked to the CD rate, smaller companies face a heavier interest burden, and the market expects short-term rates to keep rising through year-end. Also in this episode: Korea ranked 51st of 55 countries for retirement income adequacy in Marsh’s 2026 Global Pension Index.

Sources:

CD Rates Move Against the Tide as Companies’ Interest Burden Grows — Seoul Economic Daily, November 9, 2026
Pension Leaders Design a ‘Lifetime Paycheck’ Lasting 30 Years After Retirement — Seoul Economic Daily, November 9, 2026

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#CDRate #KoreaBonds #BankOfKorea #CorporateLoans #InterestRates #KoreaEconomy #Pensions #KOSPI #AIPRISM #SeoulEconomicDaily #WANIFRA