Moody 's stated today that South Korean businesses are at risk from an increasing number of so - called marginal companies with an extremely high debt burden . “Although macro-economic, monetary and fiscal policies are necessary, structural reforms are important for the country to achieve sustainable growth,” Bank of Korea Governor Lee Ju-yeol told a news conference, when explaining an interest rate cut on June 11 to a record low of 1.50 percent to support economic growth. It stated that it is expected " large corporate loan exposures in structurally declining industries to pose a significant risk to asset quality " , and that the " greatest risk is from loans to the shipbuilding , steel and shipping sectors , where the number of marginal companies increased last year despite ongoing restructuring efforts " .
Moody 's stated today that South Korean businesses are at risk from an increasing number of so - called marginal companies with an extremely high debt burden . It stated that it is expected " large corporate loan exposures in structurally declining industries to pose a significant risk to asset quality " , and that the " greatest risk is from loans to the shipbuilding , steel and shipping sectors , where the number of marginal companies increased last year despite ongoing restructuring efforts " .