Debt Exposure of Marginal Companies on the Rise

SEOUL, Nov. 30 (Korea Bizwire) – South Korean marginal companies are finding it more difficult to cope with their debt as the economic slowdown makes it harder for them to meet interest payments and other financial obligations, a local think tank said Sunday. The corporate debt and restructure report released by the Korea Institute of Finance (KIF) showed debt accrued by private sectorcompanies hit 1,253 trillion won (US$1.08 trillion) as of late June. This is equivalent to 82.8 [...]