April 27, 2024

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[THE INVESTOR] The delinquency rate of Korean banks‘ won-denominated loans edged down in December due to a slight decline in the number of people who failed to repay their debts, government data showed Jan. 30.

The rate for bank loans more than 30 days overdue stood at 0.36 percent at the end of last month, 0.13 percentage point below the tally taken a month earlier, according to the data from the Financial Supervisory Service.

Compared to a year ago, the rate was also down 0.11 percentage point, it said.

The delinquency rate of loans extended to large firms was unchanged at 0.43 percent in the last month of 2017.

That of loans to households fell 0.05 percentage point on-month to 0.23 percent at the end of December, according to the latest data.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)