AJP Factbox: Korea's bank loan delinquency rate at near 10-year high

Edited and compiled by AJP Graphics AI assisted — Edited and compiled by AJP. Graphics AI assisted

South Korean banks' loan delinquency rate rose to 0.69 percent in August, its highest level since October 2016, amid rising corporate delinquencies and prolonged high borrowing costs, according to the Financial Supervisory Service (FSS). The rate increased from 0.63 percent in July and 0.61 percent a year earlier.

Corporate loan delinquency rose to 0.86 percent, with the rate for small and midsized corporations reaching 1.10 percent and that for self-employed borrowers standing at 0.86 percent.

Ryu Yuna

Yuna Ryu covers finance, capital markets and Southeast Asian affairs.
She is drawn to the questions that numbers raise and the stories that data alone cannot answer.
Prior to journalism, she worked at Hyundai Motor Company and the Singapore Chamber of Commerce, focusing on business strategy and international affairs. She has also hosted diplomatic receptions and international conferences as an MC.

Ryu holds a master's degree in Media and Communication from Korea University, where her research focused on neuroscience-based studies of media effects.

AJP Factbox: Korea's bank loan delinquency rate at near 10-year high

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