04.June.2021: 2020 was a shrinking year for Korean companies

K-News Bulletin

English - June 04, 2021 01:00 - 3 minutes - 2.4 MB
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Korean companies shrunk an average of 3.2 percent last year, according to a report released by the Bank of Korea Thursday, because of the coronavirus epidemic.

The proportion of companies unable to cover interest payments on debt hit a record high.

The central bank analyzed audits filed by the country’s 25,871 non-financial companies and released a gloomy overview of the previous year.

Full Article: https://koreajoongangdaily.joins.com/2021/06/03/business/finance/bank-of-korea-operating-margin/20210603185600197.html