据知情人士透露，韩国正在研究相关法规，拟禁止那些未获得韩国证券行业许可的投资银行协助本国发行方在海外发售债券。
Korea is considering regulations to prohibit investment banks without domestic securities licenses from seeking to arrange overseas bond sales of local issuers, according to people familiar with the matter.
彭博社获得的一份文件显示，韩国财政经济部已向韩国金融投资协会征询业界对这项拟议法规的意见，后者于上周向相关机构发放了调查问卷。
The Ministry of Finance and Economy asked the Korea Financial Investment Association for industry feedback on the potential regulations, and the organization sent out a survey last week, according to a document seen by Bloomberg.
韩国财政经济部在给彭博社的声明中表示，政府希望借此填补针对无牌照投资银行在韩国内业务活动的监管空白，从而与国际标准接轨。
The government aims to examine the regulatory gaps regarding the domestic business activities of unlicensed investment banks, in an attempt to match global standards, the finance ministry said in a statement to Bloomberg News.
知情人士还指出，韩国当局担忧当前的市场环境对那些必须承担国内运营成本的正规持牌机构而言有失公平，而无牌照外资银行却无需承担此类成本。今年韩国发行方在海外发行的债券规模同比大幅增长31%，总额达到656亿美元。
Korean authorities are concerned that the current setup is unfair to fully licensed institutions that have to bear the cost of maintaining domestic operations while unlicensed firms don’t, the people added. The move comes as foreign bond sales by South Korean issuers have surged this year by 31% to $65.6 billion from the year-earlier period, according to data compiled by Bloomberg.
数据显示，今年迄今为止，韩国发行方在美元与欧元债券发行总量上位居全球第三，仅次于日本与澳大利亚，占整个亚太地区同类债券发行总额的13%左右。进入海外债券市场有助于发行方分散融资风险，且通常能实现比在本国市场更大的债券发行规模。
South Korean issuers as a group rank third behind peers in Japan and Australia for bond offerings in the dollar and euro combined so far this year, accounting for around 13% of all such deals from the Asia Pacific, the data show. Deeper overseas debt markets can allow borrowers to diversify funding risk and often undertake larger bond sales than they could in the their home market.