South Korea: Business credit interest rate
* indicates monthly or quarterly data series
| South Korea |
Business credit interest rate, percent |
|---|---|
| Latest value | 5.32 |
| Reference | June 2023 |
| Measure | percent |
| Source | Bank of Korea |
For that indicator, we provide data for South Korea from January 1996 to June 2023. The average value for South Korea during that period was 6.13 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.
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* indicates monthly or quarterly data series
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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.