ABS issuance-H1 tallyABS issuance up over 24 pct in H1 SEOUL, July 31 (Yonhap) -- The issuance of asset-backed securities (ABSs) in South Korea jumped 24.6 percent in the first half of this year from a year earlier due to an increase in sales of mortgage-backed securities (MBSs), data showed Monday. The ABS issued during the January-June period came to 29.9 trillion won (US$23.4 billion), up from 24 trillion won a year ago, according to the Financial Supervisory Service (FSS). ABS refers to securities based on such assets as mortgages, auto loans, credit card receivables and student loans.

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