South Korea’s bank loan delinquency ratios rise for a second consecutive month in August, according to data compiled by the Financial Supervisory Service (FSS). The overall delinquency rate on won-denominated bank loans reaches 0.69% as of end-August, up 0.06 percentage points from a month earlier. Yonhap and The Korea Times both report that newly overdue loans total 3 trillion won in August, slightly lower than the prior month, while loan write-offs increase.
The outlets also break down delinquency by borrower type. Corporate loan delinquency is reported at 0.86% at end-August, up 0.08 percentage points from the previous month. Household loan delinquency is described at 0.45% as of end-August, rising 0.03 percentage points. While the two reports share the same core figures and sources, The Korea Times presents the full dataset in its summary, while Yonhap’s piece is framed as an overseas-style brief and repeats the same information.
