SEOUL, Jul. 31 (Korea Bizwire) — A local think tank said Monday that it has revised up South Korea’s growth forecast for this year on the back of increased exports amid the global economic recovery. The Korea Institute of Finance adjusted the country’s gross domestic product growth to 3 percent, up 0.2 percentage point from [...]
SEOUL, July 27 (Korea Bizwire) – An increasing number of small and mid-sized companies are unable to cover their debt servicing costs with their operating profits. According to a report on the soundness of the debts of Korean companies from the Korea Institute of Finance released on July 26, although the leverage ratio of Korean [...]
SEOUL, May 28 (Korea Bizwire) – An analysis that Korea’s household debts have not only exceeded the OECD average but also reached the critical point which could trigger an economic crisis has come out. On May 27, at a seminar on “Korea’s Macro Leverage: the Analysis and Prospect” held by Korea Institute of Finance, a [...]
SEOUL, Korea, April 8 (Korea Bizwire) – Korea is one of the few countries with an unusually high percentage of real assets, including most prominently homes. A household finance survey by the National Statistical Office on April 7 said the ratio of real assets in total household assets as of 2013 was as high as [...]