Big Firms’ Q3 Borrowing Costs Soar Over 40 pct on Rising Interest Rates

SEOUL, Nov. 30 (Korea Bizwire) — Large South Korean companies saw their third-quarter borrowing costs jump more than 40 percent from a year earlier due to rising interest rates, a corporate tracker said Wednesday. The combined interest cost of 268 out of the country’s top 500 firms by sales came to 6.2 trillion won (US$4.7 [...]