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06 Mar 2019, Gergana Bencheva, EMIS Editor

S Korea’s corporate loans see growth slow down in Q4 2018

South Korea's corporate loans grew by KRW 14.3 trillion quarter-on-quarter to KRW 1,121.3 trillion for the fourth quarter of 2018, Yonhap News reported referring to data provided by the Bank of Korea (BOK). This was their slowest growth pace in nearly two years which was attributed to a slump in the country’s manufacturing sector.

Over the last quarter of 2018, corporate loans to manufacturing firms dropped by KRW 2.2 trillion quarter-on-quarter to KRW 344.8 trillion. Loans in the service sector expanded by KRW 17.3 trillion to KRW 677 trillion.

The most successful industry over the reported period was the restaurant and hotel sector. Between October and December 2018 it added KRW 3.9 trillion to reach a record-high of KRW 200.2 trillion, Yonhap News noted.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: Yonhap News