Demand for South Korean corporate bonds is on a sharp rise as cash-rich investors, searching for alternatives in a low-rate environment and dull stock market, snatch up such debts ahead of another expected rate cut by the country's central bank, industry data showed Wednesday.
According to the data, investors proposed to buy 1.06 trillion won (US$1.01 billion) worth of corporate debts in the past week, sharply up from 590 billion won a week earlier.