South Korea: Business credit interest rate

* indicates monthly or quarterly data series
 South Korea

Business credit interest rate, percent

 Latest value 4.96
 Reference March 2024
 Measure percent
 Data availability January 1996 - March 2024
 Average 6.11
 Min - Max 2.67 - 17.44
 Source Bank of Korea
For that indicator, we provide data for South Korea from January 1996 to March 2024. The average value for South Korea during that period was 6.11 percent with a minimum of 2.67 percent in May 2021 and a maximum of 17.44 percent in January 1998. Click on the following link to see the values of Business credit interest rate, percent around the world.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
South Korea - Business credit interest rate - recent values

Historical chart
South Korea - Business credit interest rate - historical chart - 1996-2024
Measure: percent
Source: Bank of Korea


Download data API


Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.

 Related indicators Latest value Reference Measure
 Inflation 5.1 2022 percent
 Exchange rate regimes 7 2021 index points
 USD exchange rate 1,333.3333 9/2023 Local Currency Units per USD
 Money supply (broad money) 3,839,468.60 9/2023 billion
 Consumer Price Index (CPI) 112.8300 9/2023 index points
 Inflation, monthly 0.49 9/2023 percent
 Inflation, annual 3.68 9/2023 percent
 Private sector credit 3,227,684.80 9/2023 billion
 Business credit 1,930,596.40 9/2023 billion
 Household credit 1,297,088.40 9/2023 billion
 Mortgage credit 659,363.10 9/2023 billion
 Consumer credit 637,725.30 9/2023 billion
 Deposit interest rate 3.95 9/2023 percent
 Business credit interest rate 5.27 9/2023 percent
 Mortgage credit interest rate 4.35 9/2023 percent
 Policy rate 3.50 9/2023 percent
 Household debt to GDP 101.50 9/2023 percent
 Debt service ratios for private non-financial sector 23.80 Q3/2023 percent
This site uses cookies.
Learn more here


OK