South Korea: Business credit interest rate
(measure: percent, source: Bank of Korea)
* indicates monthly or quarterly data series
Business credit interest rate, percent in South Korea
, January 1996 - January 2021: For that indicator, we provide data for South Korea from January 1996 to January 2021. The average value for South Korea during that period was 6.35 percent with a minimum of 2.68 percent in August 2020 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.
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* indicates monthly or quarterly data series
Measure: percent
Source: Bank of Korea
Source: Bank of Korea
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.