This study is to examine the debt structure of credit card companies according to the change of basic market interest rate in Korea. We make two kinds of periods: (1) interest-low periods from 2016 to August, 2021 and (2) interest-rising period from A...
This study is to examine the debt structure of credit card companies according to the change of basic market interest rate in Korea. We make two kinds of periods: (1) interest-low periods from 2016 to August, 2021 and (2) interest-rising period from August 2021 to June, 2022. Summarized results are as follows. First, at June 2022, the borrowing structure changed much. Second, during (1) period, issuing bond and asset-backed securities incresed due to low interest. Third, during (2) period, short term borrowing from bank and financial companies increased instead of issuing bond and asset-backed securities. Fourth, interest expenses to the amount of total borrowing of almost credit card companies every year is almost 2%~1.64%, which is borrowing expenses to the credit card companies from 2016 to June, 2022.