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Finance

South Korean banks\' won loan delinquency rate falls to 0.56 percent in June

South Korean banks\' won-denominated loan delinquency rate fell to 0.56 percent at end-June from 0.67 percent a month earlier, the Financial Supervisory Service said. It was still 0.04 percentage points higher than a year earlier. Newly delinquent loans totalled 2.6 trillion won in June, while bad-loan disposals jumped to 5.3 trillion won. The regulator warned delinquency rates could rise again amid economic uncertainty.

Finance

Korean banks\' loan delinquency rate rises to 0.67%; SME delinquency tops 1 percent

South Korean banks\' delinquency rate on won-denominated loans rose for a second straight month, driven by an increase in new delinquencies and a decline in the amount of delinquent loans written off or sold. The Financial Supervisory Service said the rate stood at 0.67% at end-May, up 0.06 percentage point from a month earlier. The delinquency rate on SME loans rose to 1.00%, while household loan delinquencies increased to 0.45%.

Crypto

BIS warns of overheated $1 trillion AI investment, with bitcoin also in initial shock zone

The Bank for International Settlements warned that an AI investment boom could become a risk to broader financial markets. It said capital spending by five hyperscalers in 2025 to 2026 could exceed $1 trillion and that returns may fall short. BIS said complex funding links could transmit shocks from technology shares to credit markets and liquidity. It added bitcoin could face early selling pressure as a risk asset.