S. Korea's corporate debt surges for 6 years on real estate demand
SEOUL, May 20 (Xinhua) -- South Korea's corporate debt surged for the past six years on the back of strong demand from the real estate sector, central bank data showed Monday.
Corporate debt amounted to 2,734 trillion won (2 trillion U.S. dollars) at the end of 2023, up 1,036 trillion won (762 billion dollars) from six years earlier, the Bank of Korea (BOK) said.
It represented an annual average growth ra