SEOUL, April 10 (Korea Bizwire) — More than half of major listed firms in South Korea saw their financial soundness worsen in 2022 amid high global interest rates and inflation, data showed Monday. The debt-to-equity ratio of 56 out of the 106 listed companies belonging to the country’s top 10 business groups increased last year [...]
SEOUL, July 20 (Korea Bizwire) — The debt ratio of South Korea’s leading 1,000 companies by sales has more than halved over the past 21 years, pointing to a sharp increase in their financial health, a corporate tracker said Wednesday. The average debt-to-equity ratio of those big companies stood at 160 percent in 2021, compared [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s ratio of private debt to gross domestic product (GDP) grew at the second-fastest click among major economies in the third quarter of 2019, data showed Monday. Household debt in Asia’s fourth-largest economy accounted for 95.1 percent of the country’s GDP as of end-September last year, up 3.9 [...]
SEOUL, Jul. 20 (Korea Bizwire) — Nearly half of South Korea’s large industrial groups are suffering from chronic financial trouble due to high levels of debt, industry data showed Sunday. Out of 48 non-financial business groups on an antitrust watchlist, 23 posted a debt ratio of more than 200 percent on a consolidated basis as [...]
SEOUL, Oct. 29 (Korea Bizwire) – Korea’s economic actors, including households, firms, and governments, have all exceeded the critical point of debt burden as set by the World Economic Forum. According to Congressman Lee Hahn-koo (New Frontier Party), the ratios of debt to the gross domestic products as of the end of 2013 for households, firms, and [...]