
OTC vs Exchange-Traded Bonds in Korea: the 0.3% fee break-even
Korean brokerages charge no commission on OTC bonds but 0.1-0.3% on exchange-traded ones. Converting that fee into an annual yield gap shows where the two routes break even.

Korean brokerages charge no commission on OTC bonds but 0.1-0.3% on exchange-traded ones. Converting that fee into an annual yield gap shows where the two routes break even.