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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%.

Finance

Savings banks return to profit after two years, but business normalisation still distant

South Korea\'s savings banks returned to profit in 2025 after two straight years of losses, but the turnaround was driven mainly by lower loan-loss provisions and higher securities income rather than a recovery in core business. Lending and interest income declined, and total assets fell. Regulators are seeking to redefine the sector’s role while pursuing regulatory easing alongside tighter discipline, as the industry warns business conditions remain difficult.