Korea Railroad Corporation (KORAIL), founded in 2004 and headquartered in Seoul, South Korea, serves as the country's primary railway operator, dedicated to providing efficient and reliable transportation services across the nation. KORAIL offers a range of services, including high-speed trains (KTX), commuter services, and freight transport, contributing significantly to South Korea's transportation infrastructure and connectivity.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
KORAIL began issuing bonds in 2006 to finance its expansive rail network and enhance service offerings. Its notable bond issuances include a ?500 billion (approximately $450 million) green bond in 2020 aimed at funding environmentally friendly projects, reflecting the company's commitment to sustainability. Currently, KORAIL's bonds yield around 2.2%, competitive within the transportation sector, and offer unique features such as linked variable rates to inflation, enhancing their attractiveness to investors.