South Korean banks' loan delinquency ratio fell to 0.42% in June due to more bad loan settlements.
South Korean banks' loan delinquency ratio fell to 0.42% in June due to more bad loan settlements than new delinquent loans, according to the Financial Supervisory Service. Corporate loans' delinquency ratio dropped 0.12 percentage points, while household loans' ratio decreased 0.06 percentage points. The resolved loans amount increased to 4.4 trillion won (US$3.3bn) in June, with new delinquent loans totaling 2.3 trillion won (US$1.7bn).
August 20, 2024
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