8.3% of corporate debt drives 3.4% growth rate, 30% of real estate loans are in PF ‘bubble’ Corporate debt is growing by 8.3% per year, with nominal growth driving 3.4%, and real estate loans accounting for 30% of corporate debt, with real estate loans accounting for 30% of corporate debt. It appears that a rent price bubble has been created through corporate lending. The Bank of Korea's report ..