Business credit interest rate, percent in South Korea, January 1996 - April 2022:
For that indicator, we provide data for South Korea from January 1996 to April 2022. The average value for South Korea during that period was 6.19 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.
Longer historical series
* indicates monthly or quarterly data series
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.