이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Seven out of 10 Korean CFOs concerned about 2017 balance sheets
- Collected
- 2016.12.20
- Distributed
- 2016.12.22
- Source
- Go Direct
In a survey recently conducted by Maeil Business Newspaper inquiring 49 chief financial officers (CFOs) at Korea’s large-sized enterprises on the financial outlook for next year, 69.4 percent of the respondents were pessimistic about next year’s financial conditions. Another 29 percent predicted to keep up the status quo as this year. Just one was hopeful for a better year in 2017.
The main cause was worsening performance (46.3 percent), followed by higher interest rates (38.9 percent). Companies could find themselves in a liquidity squeeze when interest cost rises while business remains slow.
Some 63.3 percent predicted their companies would further lose debt creditworthiness, which would make it harder for them to raise new funds and further worsen their balance sheets.
By Hong Jang-won and Yoon Jin-ho
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]