Corporate insolvency up, household credit down in South Korea

11/19/2012 | (South Korea) · (South Korea)

Corporate insolvency in South Korea rose to a 16-month high in October, the central bank reported, noting a shortage of liquidity in the country's lengthy economic slump. Meanwhile, the Korea Credit Bureau reported that households' credit soundness edged below a baseline of 100 in an extension of a steady three years of decline.

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