An Arirang bond is a won-denominated bond issued by a foreign entity in South Korea. The name refers to "Arirang," a Korean folk song. The market for Arirang bonds is extremely small, constituting less than 0.2% of corporate bond issuance in South Korea. The Asian Development Bank was the first to issue Arirang bonds, with a 1995 issue of ₩80 billion worth of seven-year bonds.[1][2]

Arirang bond
아리랑 본드;
아리랑 채권 (rare)
아리랑 債券
Revised RomanizationArirang Bondeu;
Arirang Chaegwon
McCune–ReischauerArirang Pondŭ;
Arirang Ch'aekwŏn


  1. ^ "Supplement to MOFE Press Release: 2nd Meeting of the Financial Hub Initiative Committee". Ministry of Finance and Economy. 2006-06-19. Retrieved 2007-07-06.[permanent dead link]
  2. ^ Batten, Jonathan A.; Peter G. Szilagyi (2006-04-19). "Developing Foreign Bond Markets: The Arirang Bond Experience in Korea" (PDF). IIS Discussion Papers (138). Retrieved 2007-07-06.