South Korea’s corporate default falls in September
October 19th, 2011 - 2:14 pm ICT by IANSSeoul, Oct 19 (IANS) South Korea’s corporate bankruptcies went down last month mainly due to a decrease in defaults among manufacturers and service companies, the central bank said Wednesday.
The number of companies that went belly-up stood at 97 in September, down 6 from a month earlier, the Bank of Korea (BOK) said in a statement. The September figure came near to a record low of 96 tallied in July, reported Xinhua.
The number of manufacturers’ failures fell by 10 to 27 in September, with that of service firms dropping by 6 to 41, according to the BOK. The number of builders’ bankruptcies grew by 8 to 23 last month.
Meanwhile, the number of newly-established companies came in at 4,770 in September, down 356 from a month before.
The default rate on corporate bills, including bonds, checks and promissory notes, stood unchanged at 0.01 percent compared with the previous month.
- South Korea's corporate defaults fall - Apr 19, 2012
- South Korea's corporate bankruptcies fall - Mar 19, 2012
- South Korea's start-ups hit new high in December - Jan 19, 2012
- South Korea's consumer confidence falls - Dec 27, 2011
- South Korea's business sentiment remains weak in December - Dec 28, 2011
- South Korea's investment in foreign securities falls in Q3 - Nov 29, 2011
- South Korea's current account surplus contracts - Jan 30, 2012
- South Korean firms' profitability weakens in Q3 - Dec 20, 2011
- South Korea's consumer confidence rises - Nov 24, 2011
- South Korea's consumer price growth hits 14-month low - Mar 02, 2012
- South Korea's money supply growth accelerates in October - Dec 07, 2011
- South Korea's consumer confidence rebounds - Feb 24, 2012
- South Korea's business sentiment remains weak in January - Jan 27, 2012
- South Korea's business sentiment weak in October - Oct 31, 2011
- South Korea's foreign debts contract to $394 bn in Q3 - Nov 22, 2011
Tags: bok, bonds, checks, corporate bankruptcies, corporate bills, default rate, promissory notes, seoul, south korea, xinhua