South Korea: Real interest rate: Bank lending rate minus inflation: For that indicator, The International Monetary Fund provides data for South Korea from 1997 to 2016. The average value for South Korea during that period was 4.52 percent with a minumum of 1.11 percent in 2015 and a maximum of 10.71 percent in 1999. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.