Tag: delinquency

delinquency

Latest News

Bank loan delinquencies rise as write-offs fall

Korea's bank loan delinquency ratio climbed to 0.63 percent in July as write-offs of soured debt dropped sharply.

2026.9.22

Nearly 100,000 Koreans approved for debt adjustments in first half of year

The number of people receiving debt adjustments has continued to rise, increasing 56.1 percent over three years, from 121,095 in 2022 to 189,062 last year.

2026.8.31

Delinquency rate on bank loans rises to 0.56% in January

The delinquency rate on loans extended by local banks increased in January due to a rise in newly soured debts, data showed Friday.

2026.3.20

Actor Cho Jin-woong's retirement sparks debate on juvenile accountability

An important sociopolitical question has emerged in the face of actor Cho Jin-woong's announcement of retirement: Until when should a person be held liable for their juvenile wrongdoings?

2025.12.7

A student reads job notices on a bulletin board on a campus wall at a university in Seoul on April 12, 2021. [NEWS1]

Loan delinquency rates climb among young people as employment numbers fall

Financial delinquencies among people in their 20s and 30s are emerging as a growing concern amid a steady rise in overdue loans across Korea’s banking sector.

2025.10.24

Advertisements for home-backed loans at a bank in central Seoul [YONHAP]

Delinquency rate on bank loans up in July, FSS data says

The delinquency rate on loans extended by local banks increased in July due mainly to a fall in write-offs of soured loans, data showed Friday. The delinquency rate on banks' won-denominated loans came to 0.57 percent in July.

2025.9.26

Delinquency rate on bank loans up for 3rd month in May

The delinquency rate on loans extended by local banks rose for the third consecutive month in May due mainly to a rise in newly soured loans, data showed Friday. The delinquency rate on banks' won-denominated loans came to 0.64 percent in May.

2025.7.25

This photo, taken Oct. 3, 2021, shows signs about a bank's loan programs that were put up on the exterior of a lender in Seoul. Korea's financial regulator is reviewing further tightening rules on household loans in a bid to curb the fast growth of household debt. [YONHAP]

Delinquency rate on bank loans down in March

The delinquency rate on loans extended by local banks fell from a month earlier in March due mainly to an increase in the write-offs of soured loans, data showed Wednesday.

2025.5.21

An advertisement for credit card loans is seen in Seoul on April 21. [NEWS1]

Credit card delinquencies hit 10-year high in Q1 amid economic slump

Delinquency rates at Korea's major credit card companies surged to their highest levels in a decade during the first quarter of 2025, reflecting the prolonged economic downturn, industry data showed Sunday.

2025.4.27

A woman observes signs about a bank's loan programs that were put up on the exterior of a lender in Seoul on March 19. [YONHAP]

Delinquency rate on bank loans surges in January

The delinquency rate on loans extended by local banks spiked in January due mainly to a base effect and increased newly soured loans, data showed Friday.

2025.3.28

Tag: delinquency

delinquency

Latest News

Bank loan delinquencies rise as write-offs fall

Nearly 100,000 Koreans approved for debt adjustments in first half of year

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