ID :
189530
Sun, 06/19/2011 - 08:14
Auther :
Shortlink :
https://oananews.org//node/189530
The shortlink copeid
S. Korean business failures fall in May
SEOUL, June 19 (Yonhap) -- The number of business bankruptcies in South Korea edged down in May from a month earlier due largely to a decline in the number of builders' failures, the central bank said Sunday.
The number of companies that went belly up totaled 123 last month, down from 134 in April, according to the Bank of Korea (BOK). The figure marked a turnaround following a two-month rise, but stayed high above a record low of 99 in February.
The on-month fall was largely attributed to a fewer number of bankruptcies in the construction sector, it added.
Meanwhile, the number of new business startups reached 5,189 in May, down from 5,583 in April, according to the BOK. The figure slipped for a second straight month.
The default rate of corporate bills -- bonds, checks and promissory notes -- stood at 0.02 percent last month, compared with 0.06 percent in April, the bank said.
mil@yna.co.kr
The number of companies that went belly up totaled 123 last month, down from 134 in April, according to the Bank of Korea (BOK). The figure marked a turnaround following a two-month rise, but stayed high above a record low of 99 in February.
The on-month fall was largely attributed to a fewer number of bankruptcies in the construction sector, it added.
Meanwhile, the number of new business startups reached 5,189 in May, down from 5,583 in April, according to the BOK. The figure slipped for a second straight month.
The default rate of corporate bills -- bonds, checks and promissory notes -- stood at 0.02 percent last month, compared with 0.06 percent in April, the bank said.
mil@yna.co.kr
