South Korea
South Korean banks’ bad loans climb 0.47% in December
South Korean banks’ bad loans climb 0.47% in December
This reflects a significant increase compared to the previous year.
South Korea’s deposit, loan interest rates rose in May
Average interest rate for new deposits rose 15 basis points from April.
Internet-only lender K-Bank’s users rise by over 2 million in Q2
As of end-June the banks said that it has over 6.19 million customers.
Chart of the Week: South Korean card payments to grow 4.9% through 2024
Average frequency of use is 136.2 times in 2020, higher than in France, US, and UK.
South Korean banks’ bad loan ratio hits record low in Q
Ratio of bad loans to total lending came at only 0.62% as of end-March.
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