Bank delinquency rate is at an all-time low optical illusion?

Loan soundness has been maintained, with the delinquency rate at banks dropping to an all-time low despite the steady expansion of household and corporate loans. According to the ‘Status of delinquency rates for domestic banks’ won-denominated loans at the end of September’ released by the Financial Supervisory Service on the 11th, the delinquency rate at the end of September was 0.24%, down 0.05 percentage points from the end of the previous month (0.28%), the lowest level ever recorded. The delinquency rate on corporate loans (0.3%) fell by 0.06 percentage points from the previous month.

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