July 16, 2024

Delinquency ratio on bank loans rises for 2nd month in May

The delinquency ratio on loans extended by banks in South Korea rose for a second consecutive month in May, data showed Tuesday.

The delinquency ratio on banks’ won-denominated loans stood at 0.51 percent at end-May, up 0.03 percentage point from a …

(EDITORIAL from Korea Herald on July 16)

The number of Korean people still working at 70 and above increased by 150,000 in the first half of this year from a year earlier. It was the largest increase since related statistics began to be compiled in 2018, according to Statistics Korea.

The …