Interest rate of new business loans to SMEs South Korea 2014-2023

Published by L. Yoon, Nov 5, 2024

In 2023, the average interest rate for new loans to small and medium-sized enterprises in South Korea stood at 5.34 percent. This was the highest rate of the past ten years, increased considerably from 2.98 percent in 2021.

Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2014 to 2023

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Release date

November 2024

Region

South Korea

Survey time period

2014 to 2023

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