金融市场趋势：2026年4月

▣Treasurybondyieldshadfallensubstantiallyfollowingaceasefireagreementbetween the U.S.and Iran,but rebounded significantly ▣Despite uncertainty related to the conflict in the Middle East, theKOSPI surged to the 8,000 level*,boosted by a boom inthesemiconductor industry and the resulting expectations for ▣In April,the increase in bank lending expanded from thepreviousmonthforbothhouseholdloans(+0.5trillionwoninMarch2026→+2.1trillionwoninApril)andcorporateloans(+7.8trillionwon ▣Withrespecttodeposit-takingbyfinancialinstitutions,deposit-takingbybanks declinedslightly inApril (+20.5trillion won in March 2026→-6.8trillion won in April),while funds under management at asset 1InterestRatesandStockPrices □Treasury bond yields had fallen substantially following a ceasefireagreementbetween the U.S.and Iran,but rebounded significantlyfromlate April onward,amid delays in peace negotiations,strong □Major short-term market interest rates(3-month)declined,led bybankdebenturesandCP,amidsolidinvestmentdemanddrivenby □Despite uncertainty related to the conflict in the Middle East, theKOSPI surged to the 8,000 level*,boosted by a boom in thesemiconductorindustryandtheresultingexpectationsfor *The KOSPI surpassed the 6,000 level on April 15 and the 7,000 level onMay6toreachanewall-timehigh(7,844)onMay13. (end-period,%,%p) 2HouseholdLoans □Growth in bank household loans accelerated in April(+0.5trillionwonin March 2026→+2.1 trillion won in April;+4.7 trillion won in April,ledbyhousing-relatedloans. oHome mortgage loans shifted to an increase(-0.0trillion won→+2.7trillionwon),driven by a rise in housing transactions andanincreasein demand for intermediate payments financing since ※Changesinleaseholddepositloans(trillionwon):-0.2inFeb2026→-0.4inMar→-0.6inApr(+0.7inApr2025) oOtherloansreversedtoadecline(+0.5trillion won→-0.6 trillionwon)reflectingloanrepaymentsfollowingnetstocksellingbyindividual Nov2025DecJan2026FebMarApr▪Apartmentsaletransactions(nationwide,10,000units)1)4.44.2 4.8 4.1 4.9..▪Apartmentsaletransactions(Seoulmetropolitan,10,000units)1)1.81.9 2.2 2.0 2.3..▪Apartmentsaletransactions(Seoul,1,000units)1)3.44.8 5.4 5.8 5.5..▪Apartmentleaseholdtransactions(nationwide,10,000units)1)5.05.1 5.2 4.2 4.6..▪Newapartmentsales(nationwide,10,000units)3.02.6 1.3 0.7 1.9 2.6▪Newlyoccupiedapartments(nationwide,10,000units)2.52.1 1.8 1.7 1.5 1.7Note:1)Transactionvolumeasofthecontractdate,basedonstatisticscompiledasofMay12,2026,excludingcancelledcontracts.Sources:MinistryofLand,Infrastructure,andTransport,RealEstate114. 3CorporateFunding □Bank lendingtothe corporate sectorrecordedalargerincreaseinAprilcompared with the previous month(+7.8trillion won in March oGrowth in bank lending to SMEs accelerated+5.7trillion won),reflecting continued corporate lending efforts by oBank lending to large corporations increased substantiallytrillionwon→+5.0 trillion won),driven by the relending of loans □Corporate bonds recorded a larger scale of net redemptionstrillionwon→-3.9trillionwon),asfirmsexpandedfundraisingthrough oCPandshort-termbonds(-3.0trillionwon→+4.9trillionwon)recordedsubstantialnet issuance,driven by the re-issuance of those 4FlowofFunds □Deposit-taking by banks declined slightly in April(+20.5trillionwonin March 2026→-6.8 trillion won in April 2026;-25.9 trillion won inApril2025),centeringon transferabledeposits. oTransferable deposits(+25.8trillion won→-18.8 trillion won)toa decline,reflecting outflows of corporate funds for oTime deposits(-4.4trillion won→+4.7 trillion won)turnedto anincrease,as some banks attracted corporate funds to secure □Funds under management at asset management companiesincreasedsubstantially in April(-29.1trillion won in March 2026→+99.6trillion won in April 2026;+38.4 trillion won in April 2025) oMMFs(-4.7trillion won→+24.5 trillion won)turnedto a significantincrease,reflecting the reinflow of corporate funds that had oStock-type funds(-18.8trillion won→+55.7 trillion won)substantially*,while bond-type funds(-6.1trillion won→+3.6trillionwon)andother funds(-1.1trillion won→+12.9 trillion won)alsoturnedtoincreases. *This reflected a substantial increase in valuation gains resulting fromsurgingdomestic and international stock prices,alongside continued Notes:1)Basedondepositorybanks(including trustaccounts).