In August, South Korea's bank loan delinquency ratio rose for the second month, reaching 0.53%.
In August, South Korea's bank loan delinquency ratio rose for the second month, reaching 0.53%, a 0.06 percentage point increase from July. New delinquent loans totaled 3 trillion won ($2.19 billion), exceeding the 1.4 trillion won ($1 billion) in resolved loans. The rise is attributed mainly to corporate loans, which saw a delinquency rate of 0.62%. The central bank's recent interest rate cut may alleviate borrower strain, but risks remain, particularly for small businesses.
October 18, 2024
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