South Korea: Real interest rate: Bank lending rate minus inflation
For that indicator, The International Monetary Fund provides data for South Korea from 1996 to 2018. The average value for South Korea during that period was 4.41 percent with a minumum of 1.11 percent in 2015 and a maximum of 10.71 percent in 1999.
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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.