In 2020, the average interest rate for new loans to small and medium enterprises in South Korea stood at 2.97 percent, down from the previous year's 3.67 percent. That year, the average interest rate for new business loans was 2.84 percent.
Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2011 to 2020
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Bank of Korea. (May 27, 2021). Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2011 to 2020 [Graph]. In Statista. Retrieved May 24, 2022, from https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/
Bank of Korea. "Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2011 to 2020." Chart. May 27, 2021. Statista. Accessed May 24, 2022. https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/
Bank of Korea. (2021). Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2011 to 2020. Statista. Statista Inc.. Accessed: May 24, 2022. https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/
Bank of Korea. "Annual Average Interest Rate of New Business Loans to Small and Medium Enterprises in South Korea from 2011 to 2020." Statista, Statista Inc., 27 May 2021, https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/
Bank of Korea, Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2011 to 2020 Statista, https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/ (last visited May 24, 2022)
