MK Business News Logo
Thursday, October 02, 2014 search icon
검색 search
Top Stories
Finance
Market
Economy
Companies
General
Opinion Editorial
Archive
Photo
Subscribe to MK English Newsletter
World Knowledge Forum

Home > mk Business News 프린트 이메일 전송 리스트
Corporate insolvency hits 16-month high in S. Korea
2012.11.19 17:56:21
보내기
The number of South Korean corporate bankruptcies soared due to a liquidity crunch amid a protracted economic slump. The dishonored bill ratio rose to 0.16 percent in October, the highest level in 16 months, the central bank said Monday.

[Corporate insolvency hits 16-month high in S. Korea] 기사의 본문 이미지


The number of firms that went bankrupt totaled 116 last month, compared with 102 in September, but there were no big company insolvency.

The nationwide dishonored bill ratio grew 0.04 percentage point in October from a month ago, said the Bank of Korea (BOK). The figure for Seoul was 0.12 percent, up by 0.03 percentage points and the figure for regional areas was 0.45 percent, up by 0.09 percentage points.

The bill dishonored by the 116 bankrupt companies amounted to 586 billion won ($519 million), the largest level both in size and percentage since June 2011. Given an administrative error that led to a large insolvency of a brokerage in June 2011, the figure was the highest since the first half of 2010.

[Written by Beom-joo Jeon / edited by Soyoung Chung]



[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

경제용어사전 프린트 이메일 전송 리스트

PDF list
Thurs, Oct 02, 2014
Latest News
S. Korea losing balance in economic t..
Gov’t to announce countermeasures to..
‘Saladent’ market spikes to $2bn
Hyundai Motor regains growth momentum..
Business activity losing steam despit..
Ruling, opposition parties agree on s..
Tobacco price and tax hike needed to ..
‘Choinomics’ losing steam, industri..
30 celebrity speakers’ solo speeches
Samsung Engineering seeks to grab $10..
Press Releases&Speeches
[Press Release] UN Special Rapporteur..
[Press Release] Treasury Bond Issuanc..
Today Vocab&Phases
[10/02 Thurs] Asset impairment accounting
genetic, indigenous
Announcement

Terms of Use | Advertise With Us | Privacy Policy | Copyright Policy | Contact Us | Unauthorized collection of e-mail addresses disapproved
Copyrightⓒ 2009 Maeil Business Newspaper & MK Inc. All rights reserved.