South Korea’s financial regulator said Wednesday it will announce a list of companies with high credit risk in July after conducting a nationwide analysis on businesses who owe over 50 billion won ($41 million) to banks.
Last year, the Financial Services Commission found 54 companies out of 1,900 subjected to the credit analysis that failed to meet the requirements in business performance, cash flow and other conditions. Those firms were ordered to go under a debt-rescheduling program or court receivership.
(Yonhap)
For small-and medium-sized companies, the FSC plans to release the analysis results in November.
(khnews@heraldcorp.com)