South Korea Market Review, October 2023: sales up 43% YoY, new counterparty enters the market

Sales volumes for retail and private banking, at a combined KRW16.5 trillion (US$12.6 billion), were up 16% compared to the previous month (Sep: KRW14.2 trillion). Year-on-year, volumes increased by 43% (Oct 2022: KRW11.5 trillion from 2,113 products) One hundred and twelve products were withdrawn during the month as they did not accumulate enough sales. Of these, only three were private placements. Some 1,931 products matured, releasing just over KRW13.5 trillion back onto the market for rei