In 2022, the average interest rate for new loans to small and medium-sized enterprises in South Korea stood at 4.44 percent, representing an increase from previous year's 2.98 percent. The overall average interest rate for new business loans stood at 4.22 percent that year.
Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2012 to 2022
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Interest rate
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Bank of Korea. (November 28, 2023). Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2012 to 2022 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/
Bank of Korea. "Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2012 to 2022." Chart. November 28, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/
Bank of Korea. (2023). Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2012 to 2022. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/
Bank of Korea. "Annual Average Interest Rate of New Business Loans to Small and Medium Enterprises in South Korea from 2012 to 2022." Statista, Statista Inc., 28 Nov 2023, https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/
Bank of Korea, Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2012 to 2022 Statista, https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/ (last visited August 24, 2024)
Annual average interest rate of new business loans to small and medium enterprises in South Korea from 2012 to 2022 [Graph], Bank of Korea, November 28, 2023. [Online]. Available: https://www.statista.com/statistics/1120000/south-korea-interest-rate-of-business-loans-to-smes/