S. Korean bank loans rise sharly on COVID-19 economic fallout
- 4 years ago
기업•가계, 코로나 사태에 은행서 75조 대출받아 버텼다
Data show Korean businesses and households have tried to get through the sudden economic fallout from the coronavirus by borrowing.
Data from the Bank of Korea and Financial Services Commission show that from February to April, new loans amounted to nearly 61 billion U.S. dollars.
That's nearly four times the amount borrowed during the same period last year.
As the outbreak continues in Korea, along with the economic impact, it's expected that the rise in bank loans will continue through the rest of the year.
Data show Korean businesses and households have tried to get through the sudden economic fallout from the coronavirus by borrowing.
Data from the Bank of Korea and Financial Services Commission show that from February to April, new loans amounted to nearly 61 billion U.S. dollars.
That's nearly four times the amount borrowed during the same period last year.
As the outbreak continues in Korea, along with the economic impact, it's expected that the rise in bank loans will continue through the rest of the year.