[Asia Economy Reporter Park Sun-mi] The delinquency rate on Korean won loans in the domestic banking sector rose by 0.01 percentage points as of the end of August.
According to the "Status of Korean Won Loan Delinquency Rates in Domestic Banks" released by the Financial Supervisory Service on the 14th, the delinquency rate on Korean won loans (based on principal and interest overdue for more than one month) at domestic banks stood at 0.28% at the end of August, up 0.01 percentage points from 0.27% at the end of the previous month. The amount of new delinquencies reached 1 trillion won, increasing by 100 billion won compared to July, and the amount of delinquent loans resolved also rose by 200 billion won to 700 billion won.
By sector, the delinquency rate on corporate loans recorded 0.36%, up 0.01 percentage points from 0.35% at the end of the previous month. The delinquency rate on large corporate loans (0.30%) fell by 0.07 percentage points from 0.37% at the end of the previous month, but the delinquency rate on small and medium-sized enterprise loans (0.37%) rose by 0.03 percentage points from 0.34%. The delinquency rate on individual business owner loans (0.22%) also increased by 0.01 percentage points from 0.21% at the end of the previous month.
The delinquency rate on household loans also rose by 0.01 percentage points to 0.19% from 0.18% at the end of the previous month. The delinquency rate on mortgage loans (0.11%) remained at a similar level to the previous month, but the delinquency rate on household loans excluding mortgage loans (such as unsecured loans) increased by 0.03 percentage points to 0.36% from 0.33% at the end of the previous month.
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