[Graphic News] Conglomerates increase share of corporate loans

By Korea Herald
  • Published : Aug 26, 2014 - 21:20
  • Updated : Aug 26, 2014 - 21:20
Corporate loans to small and medium-sized companies have been increasing in amount but decreasing in their share of the total since 2009, according to the Financial Supervisory Service on Tuesday.

SME loans this year, as of the end of June, totaled 508.6 trillion won ($500 billion), which was 73.3 percent of the nation’s corporate loan total of 693.7 trillion won.

The amount was a 37.5 percent rise from 370 trillion won in 2007 and a 14.7 percent rise from 443.5 trillion won in 2009.

But the proportion of corporate loans going to SMEs has been on a steady decline, from 83.1 percent in 2009 to 77.2 percent in 2011 and to 74.2 percent last year. The share going to conglomerates rose from 16.9 percent in 2009 to 26.7 percent as of June this year.