SEOUL, Sept. 15 (Korea Bizwire) — Large South Korean companies’ ability to service their debts improved sharply in the first half of the year amid the coronavirus pandemic, a corporate tracker said Wednesday. The interest coverage ratio for 259 out of the country’s top 500 firms averaged 10.3 as of end-June, compared with 4.3 a [...]
SEOUL, April 5 (Korea Bizwire) — Nearly a quarter of companies in South Korea failed to pay the interest on their debts in 2020 despite an overall rise in corporate earnings, a report said Monday. A total of 255 listed firms in Asia’s fourth-largest economy had an interest coverage ratio of less than 1 last [...]
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 [...]