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KOREAN BIZ DEBT DOWN, BUT NUMBER OF TEETERING FIRMS GROWS.
SEOUL, Sept 3 Asia Pulse - Listed companies generally improved their financial structure, but an increasing number of companies have debts reaching dangerous levels, according to the Korea Stock Exchange Monday.
At the end of June, combined debts among the listed companies which closed books at the end of December reached 158.8 trillion won (US$124.1 billion), down 7.88 per cent from a year earlier.
Short-term debts requiring repayment within a year fell 12.48 per cent to 36.3 trillion won ($28.3 billion), and corporate bonds and long-term debts shrank 19.38 per cent and 17.33 per cent, respectively, ...
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- Press release article from: Business Wire October 21, 1997 700+ words
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Source: HighBeam Research, KOREAN BIZ DEBT DOWN, BUT NUMBER OF TEETERING FIRMS GROWS.