April 26, 2024

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[THE INVESTOR] Korean companies’ debt jumped 41.3 percent in September from a month earlier, data showed on Oct. 30.

Korean firms issued bonds worth 14.84 trillion won (US$13.10 billion) last month, according to the data from the Financial Supervisory Service.

Debt of non-financial firms soared 142 percent on-month to 3.36 trillion won in September, the data showed.

Financial firms’ debt also climbed 28.4 percent on-month to 10.11 trillion won in September.

Most new debts were aimed at rolling over or repaying maturing debts, but bonds for new facility investment came to 690 billion won last month.

By Alex Lee and newswires (alexlee@heraldcorp.com)