Big Firms’ Debt-service Ability Worsens on Falling Profit
SEOUL, Nov. 27 (Korea Bizwire) — Large South Korean companies’ ability to service their debts worsened sharply in the first nine months of this year due to plunging profits, a corporate tracker said Wednesday. The interest coverage ratio for 241 out of the country’s top 500 firms averaged 5.08 as of end-September, compared with 10.01 [...]