Delinquency ratio on real estate project financing loans rises in Q1

The delinquency ratio on real estate project financing (PF) loans rose sharply in the first quarter of the year from three months earlier, data showed Wednesday, amid concerns about possible risks stemming from such loans.

2024-06-05

Officials sort through license plates from delinquent cars

Employees from the delinquency management team at Gwangju's Buk District Office inspect license plates confiscated from delinquent vehicles on Monday.

2024-04-29

Credit, debit card spending up 6 percent, delinquency at 9-year high in 2023

The volume of card spending reached 1,139.3 trillion won, although card companies' profit shrank on the back of bad loans and interest.

2024-03-18

Young Koreans unbothered by escalating debt burden

Young Koreans are seemingly untroubled when it comes to going into debt. Householders under 29 years of age had 50 million won ($37,500) in debt on average in 2022, up 41.2 percent on year, according to Statistics Korea.

2023-09-07

Helping out vulnerable classes first

Authorities must come up with more elaborate and effective policy than before to help vulnerable classes to overcome their financial plight.

2023-08-16

Preventing the spread of the PF insolvency (KOR)

The government must do its utmost to prevent the insolvency of PF loans from spreading across the financial sector.

2023-07-11

Preventing the spread of the PF insolvency

The government must do its utmost to prevent the insolvency of PF loans from spreading across the financial sector.

2023-07-10

Hey, what went wrong?

After the delinquency rate of MG Community Credit Cooperative rose to a record high of 6.49 percent last month, the government has hurriedly started looking into what really went wrong.

2023-07-06

Credit union savings safe, contingency plans ready: gov't

A pan-government response group was formed Thursday to ease jitters over a possible collapse of a major credit union amid a spiraling delinquency rate on its loans. The joint task force will implement protective measures to protect deposits at the...