S. Korea's mortgage-backed securities issuance doubles in 2023

SEOUL, Jan. 30 (Xinhua) -- South Korea's mortgage-backed securities (MBS) issuance more than doubled last year due to solid demand for government-backed mortgage loans, financial watchdog data showed Tuesday.

The sale of the MBS, issued by the state-run Korea Housing Finance Corp. to securitize mortgage loans, amounted to 37 trillion won (27.7 billion U.S. dollars) in 2023 compared to 17.2 trillion won in the pr