South Korea's LH Raises Bond Issuance Limit to 20 Trillion Won for Seoul Metro Housing

According to Yonhapinfomax, South Korea's Land and Housing Corporation (LH) expanded its bond issuance limit to 20 trillion won in 2026, up from 15 trillion won previously, to secure funding for housing supply in the Seoul metropolitan area and third-phase new city projects. Year-to-date, LH has issued approximately 10.6 trillion won in won-denominated corporate bonds, with net issuance reaching 6.38 trillion won, a significant increase from just 50 billion won in the same period last year.

While LH's growing influence in the corporate bond market is noted, the corporation faces rising debt pressure, with its debt-to-equity ratio expected to climb to 260.3% by 2029 from 226.1% in 2025. An LH official stated the corporation will carefully consider future issuance limit increases based on business execution schedules and actual funding needs, emphasizing the importance of optimizing fundraising timing and maturity structures.