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S.Korea Aug biz startup/failure ratio at 3-mth low
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S.Korea Aug biz startup/failure ratio at 3-mth low
Reuters - Sunday, September 19
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SEOUL, Sept 19 - South Korea's business start-up/failure ratio fell to a three-month low in August as more companies went bankrupt, central bank data showed on Sunday.
The ratio in August declined to 49.5, the lowest since May, from 62.6 in July, the Bank of Korea said in a statement. July's figure was the highest since February.
In August, 93 companies went bankrupt compared with 84 firms in the previous month, the central bank said.
The overall debt default ratio, a measure of defaults against total commercial debt and corporate bonds issued from settlement, rose to 0.04 percent in August from 0.03 percent in July.
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