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59 of 500 S. Korean companies had more interest to pay than earnings Updated: 2019-04-24 14:04:47 KST

Dozens of South Korea's top 500 companies last year owed more in interest than what they earned.
According to local industry tracker CEO Score, at 59 of the companies, total sales last year came to 148 billion U.S. dollars, down 6 percent from a year earlier, while in interest they owed 170 billion dollars, an increase of 5.4 percent.
Sixteen of the 59 have been classified as "zombie companies," because this is the third year in a row their interest payments outstripped earnings.
They include Samsung Heavy Industries, Dongbu Steel and Hanjin Heavy Industries.
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