SOUTH KOREAN FIRMS’ CREDIT LEVEL WEIGHS DOWN ECONOMY AMID COVID-19

Highlights –

• Companies earning low, facing credit crisis
• LG, E-MART credit fall, debt increases
• However, LG Hellovision paying off debt, synergy with LGUplus

COVID-19 outbreak is weighing down the South Korean economy. Companies are facing credit downgrades due to weak earnings in 2019.

According to a news report by The Korea Herald, last week Seoul-bas....