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July 26, 2021

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Deferred loan payments for businesses total W108tr under COVID relief program
Deferred loan payments for businesses total W108tr under COVID relief program
Deferred loan and interest payments owed by businesses hit by the COVID-19 pandemic in South Korea added up to an alarming 108 trillion won ($97 billion) this month, data showed on July 25. Since the launch of the deferral program in February last year, the combined amount of loans yet to be repaid totaled 99.7 trillion won as of July 23, data provided by the five major commercial banks here showed. Additionally, overdue payments set to be paid in installments amounted to 8.4 trillion won and o
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