South Korea's domestic asset-backed market continues to grow steadily, as shown by several new deals in the origination pipeline.

Leading the pack is the Korea Land Corporation (Koland), a government land bank, which plans on issuing two separate securitizations in the coming months. The first transaction will be backed by proceeds from real estate sales and development projects undertaken by Korea Real Estate Trust Company, a wholly owned subsidiary of Koland. The W300 billion ($254 million) transaction is being arranged by domestic firm Sejong Securities and is set for launch in August. It is the first transaction in Korea to attempt securitization of real estate trust assets, said a source familiar with the transaction.

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