Is the 'All-in' Group Holding Out at Its Limit? Mortgage Delinquencies Up 2.2 Times in 3.5 Years
5 Articles
5 Articles
The outstanding balance of delinquent mortgage loans across all domestic banks reached 2.2 trillion won at the end of June, a 2.2-fold increase over the past three and a half years. Concerns are being raised that households' ability to repay debt is failing to keep pace with the speed of loan growth, as loans have expanded due to rising housing prices and the burden of high interest rates. (Park Sung-hoon, August 8)
Delinquent mortgage loans at domestic banks have surged 2.2-fold over the past three and a half years, reaching 2.2 trillion won. The rate of delinquency is six times steeper than that of outstanding household loans, and a sharp rise in delinquency rates and an increase in substandard loans have been confirmed at some regional banks. Concerns have been raised that financial authorities must proactively manage the risks associated with vulnerable…
While bank mortgage loans increased by 21%, delinquencies surged 120%... Nonghyup Bank's delinquency exceeds 500 billion won. Opposition Party's Park Sung-hoon calls for "authorities to preemptively assess risks for vulnerable borrowers." Delinquencies on mortgage loans in the domestic banking sector are snowballing. Delinquencies are increasing faster than the outstanding balance of mortgage loans.
[Digital Daily Reporter Lee Ho-yeon] The outstanding balance of delinquent mortgage loans across all domestic banks has more than doubled over the past three and a half years. In particular, Jeonbuk Bank recorded the highest level in the banking sector as its mortgage delinquency rate jumped fivefold in just six months. Analysis suggests that borrowers' repayment capacity is reaching its limit as the burden of principal and interest repayment i…
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