Nikkei Asian Review writes “In Asia, where debt has risen markedly over the past several years, India is the leader with 617 zombie companies in 2018, followed by China with 431, South Korea with 371 and Taiwan with 327. In Japan, the number of zombie companies is relatively low at 109 because Japanese companies tend to have low debt levels“.
The ratio of zombie companies has risen especially fast in India, Indonesia and South Korea. They accounted for 26% of the total in India, up 13 points from a decade earlier; 24% in Indonesia, up 11 points; and 18% in South Korea, up 4 points.
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