South Korea's bank loan delinquency ratio rose to 0.47% in July, up 0.05 percentage points from June.
In July, South Korea's bank loan delinquency ratio rose to 0.47%, up 0.05 percentage points from June, reflecting more new delinquent loans than settlements. New delinquencies totaled 2.7 trillion won ($2.03 billion), while resolved loans dropped significantly. The delinquency rate for household loans increased to 0.38%, and for corporate loans to 0.53%. This uptick follows a rise in household debts, reaching a 37-month high in August.
September 20, 2024
4 Articles