Bankruptcies in South Korea decreased to 25 Companies in November from 33 Companies in October of 2019. Bankruptcies in South Korea averaged 450.27 Companies from 1990 until 2019, reaching an all time high of 3377 Companies in February of 1998 and a record low of 22 Companies in September of 2019. source: The Bank of Korea

Bankruptcies in South Korea is expected to be 42.00 Companies by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bankruptcies in South Korea to stand at 40.00 in 12 months time. In the long-term, the South Korea Bankruptcies is projected to trend around 27.00 Companies in 2020, according to our econometric models.

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South Korea Bankruptcies

Actual Previous Highest Lowest Dates Unit Frequency
25.00 33.00 3377.00 22.00 1990 - 2019 Companies Monthly
Volume, NSA


South Korea Bankruptcies
In South Korea, bankruptcies account for insolvent corporations who cannot repay their debts to creditors and carry on with their business.

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 74.00 74.00 119.00 35.00 points [+]
Manufacturing PMI 50.10 49.40 52.60 45.70 points [+]
Industrial Production -0.30 -2.10 38.90 -25.30 percent [+]
Industrial Production Mom -0.50 -1.60 11.00 -11.00 percent [+]
Manufacturing Production -0.10 -2.00 41.60 -26.70 percent [+]
Capacity Utilization 103.20 101.80 104.60 3.80 points [+]
New Orders 5863845.00 7711018.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 4865.70 7107.20 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 25.00 33.00 3377.00 22.00 Companies [+]
Car Registrations 139411.00 140404.00 155971.00 49944.00 [+]
Leading Economic Index 116.90 116.00 116.90 4.40 points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Mining Production -4.40 0.80 43.10 -36.00 percent [+]
Steel Production 5894.65 5983.07 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 22680.86 22699.20 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4028834.00 4114913.00 4657094.00 1954494.00 [+]
Coincident Index 111.50 111.40 111.50 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Corruption Index 57.00 54.00 57.00 38.00 Points [+]
Corruption Rank 45.00 51.00 52.00 27.00 [+]