versus 6M USD LIBOR Floating. Act/360
Clearing and settlement regulation
The Korea Securities Depository (KSD), the country's sole central securities depository, conducts the clearing and
settlement of securities. KSD ... purchases or sales by non-resident investors have to be settled physically at the KSD or at a custodian bank.
The original order is placed with a local broker ... However, when foreign investments are involved, T+3 settlement is common
(https://www ksd or kr/eng/static/EB1006009000 home7menuNo=109).
Taxation
Effective January 2011. a withholding tax (WHT) of 14% on interest