Record Increase in South Korean Corporate Loan Levels

Corporate loans given out to companies in South Korea surged as a result of the coronavirus outbreak. The outstanding balance grew at an accelerated speed throughout the year and reached a record increase of $23.2 billion (27.9 trillion Won) in April. The second and third highest increases ever recorded were the March and May 2020 figures, respectively.

The balance of outstanding corporate loans in the country reached $786 billion (945.1 trillion Won) at the end of May, according to Statistics Korea.