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Park’s 53% Housing-Permit Jump Spurs Record Bond Plans

South Korean President Park Geun Hye’s success in reviving the property market is prompting the country’s sole issuer of bonds backed by home loans to plan record sales of the notes.

State-backed Korea Housing Finance Corp. will offer as much as 8 trillion won ($7.5 billion) of mortgage-backed debt this quarter, compared with 6.1 trillion won in the first nine months of the year, according to Choi Hyuk Soon, general manager of the securitization business. That would be a record, exceeding the 7.88 trillion won in the last three months of 2012, according to data from the Seoul-based lender.