Delinquency Archives | Be Korea-savvy

Rising Mortgage Delinquency Rates Among Young Homeowners Raise Concerns

SEOUL, Dec. 12 (Korea Bizwire) – In a concerning trend, mortgage delinquency rates among homeowners in their 20s and below are surging, far outpacing other age groups. Young adults who have recently entered the workforce are finding themselves trapped in high-interest mortgages, leaving them struggling to make the monthly payments. According to data obtained by National [...]

Surge in Delinquency Rates Signals Concerns for Economic Stability

SEOUL, Nov. 15 (Korea Bizwire) – The delinquency rate for bank credit card loans, encompassing both cash advances and card loans, has experienced a notable surge in recent times. As per a report from the Bank of Korea on Tuesday, the delinquency rate for credit card loans at general banks—encompassing both commercial and regional banks—reached 2.9 [...]