Number of ‘Marginal Firms’ Jumps Nearly 24 pct in 2 Years

SEOUL, Sept. 13 (Korea Bizwire) — The number of South Korean firms unable to service their debts with earnings soared nearly 24 percent in 2021 from two years earlier amid the prolonged coronavirus outbreak, a report showed Tuesday. Asia’s fourth-largest economy had 2,823 “marginal companies” last year, up 23.7 percent from 2019 before the COVID-19 [...]