South Korea’s start-ups hit new high in December
January 19th, 2012 - 3:42 pm ICT by IANS ( Leave a comment )Seoul, Jan 19 (IANS) The number of newly established companies in South Korea hit a new high last month due to a surge in start-ups by baby boomers, the central bank said Thursday.
A total of 6,645 companies were newly established in December, up from 1,213 in November, according to the Bank of Korea (BOK). The figure was the largest monthly increase since the bank began compiling the data in January 2000.
“Baby boomers born between 1955 and 1963 started new firms after retirement, and the number of start-ups grew by year-end due to seasonal factors,” an official at the BOK told Xinhua.
Meanwhile, the number companies that went belly-up stood at 128 in December, down from 130 tallied in the previous month, according to the BOK.
The default rate on corporate bills, including bonds, checks and promissory notes, was unchanged at 0.02 percent last month.
- South Korea's corporate default falls in September - Oct 19, 2011
- South Korea's consumer confidence rises - Nov 24, 2011
- `Downside risks to South Korean economy remain high' - Dec 08, 2011
- South Korea's consumer confidence falls - Dec 27, 2011
- South Korea's business sentiment weak in November - Nov 28, 2011
- South Korea's current account surplus contracts - Jan 30, 2012
- South Korea's foreign reserves grow in three months - Feb 02, 2012
- South Korean money supply growth unchanged in December 2011 - Feb 08, 2012
- South Korea's foreign reserves shrink to $308 bn - Dec 02, 2011
- South Korean firms' profitability weakens in Q3 - Dec 20, 2011
- South Korea's business sentiment remains weak in December - Dec 28, 2011
- South Korea's economic growth revised up in Q3 - Dec 06, 2011
- South Korea's money supply growth unchanged in November 2011 - Jan 12, 2012
- South Korea's business sentiment remains weak in January - Jan 27, 2012
- South Korea's money supply growth accelerates in October - Dec 07, 2011
Tags: baby boomers, bok, bonds, checks, corporate bills, december seoul, default rate, jan 19, promissory notes, retirement, seasonal factors, south korea, start ups, ups, xinhua, year end
