[뉴스토마토 김응태 기자] As the government expanded financial support to companies hit by Corona 19, companies with signs of insolvent fell from the previous year.
.jpg?resize=520%2C317 "금융감독원은 올해 불징후기업이 157개를 기록해 전년 대비 53개 감소했다고 밝혔다. 사진은 금융감독원 전경. 사진/뉴시스")
The Financial Supervisory Service said that this year, the number of non-significant companies recorded 157, down 53 from the previous year. Photo/Newsis
The Financial Supervisory Service announced on the 28th that 157 companies were selected as companies with signs of insolvent in the ‘2020 regular credit risk assessment’. It decreased by 53 compared to the previous year.
The number of companies with signs of insolvent belonging to large corporations showed a decrease following last year. This year, it was counted as 4, down by 5 from the previous year. In SMEs, it was confirmed to be 153 companies, a decrease of 48 from last year. It has been three years since 2017 that the number of companies with signs of insolvent in SMEs has decreased.
By credit rating, it was reduced to D-grade companies. This is the aftermath of the decline in the number of companies applying for rehabilitation. Among the D-class companies, 91 companies were included in companies with signs of insolvent, down 60 from last year. On the other hand, the C grade recorded 66 companies, an increase of 7 compared to the previous year.
This decline in companies with signs of insolvent can be attributed to the decline in delinquency rates due to corona-related liquidity support. The Financial Services Commission provided financial assistance worth 26.1 trillion won from February to the 4th of this month. As a result, the delinquency rate as of the end of October was 0.42%, down 0.18 percentage points from the previous year.
The recovery of corporate earnings from 3Q also had an impact. According to the Korea Exchange, the operating profit of listed companies in the third quarter was 23.6 trillion won, an increase of 7 trillion won compared to the previous quarter.
The financial sector’s credit contribution to companies with signs of insolvent was estimated at 2.3 trillion won. Banknotes accounted for a significant portion of 1.8 trillion won. The Financial Supervisory Service believed that the impact on the soundness of banks would not be significant given the ability of domestic banks to absorb losses.
However, considering the prolonged corona, it is planning to take measures to proactively prepare for the expansion of insolvency. An official from the Financial Supervisory Service said, “For companies with signs of insolvency, we will promptly promote restructuring such as workouts so that business can be normalized early.” Policy.”
Reporter Kim Eung-tae [email protected]
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