South Korea Market Review, January 2024: sales up 40% YoY

Sales volumes for retail and private banking, at a combined KRW19.4 trillion (US$14.5 billion), fell compared to the previous month (Dec: KRW29.2 trillion). However, year-on-year (YoY) sales registered a 40% increase (Jan 2023: KRW11.7 trillion) Some 103 products were withdrawn during the month as they did not accumulate enough sales. Of these, seven were private placements. Some 2,267 products matured, releasing over KRW12.7 trillion back onto the market for reinvestment. The best-performin