Non-performing loans reached 7,086 KRW bil in 2009 in South Korea, according to the National Central Bank. This is 2.73 % more than in the previous year.
Historically, non-performing loans in South Korea reached an all time high of 8,231 KRW bil in 2016 and an all time low of 6,486 KRW bil in 2011. When compared to South Korea's main peers, non-performing loans in China amounted to 507 CNY bil, 11,700 JPY bil in Japan and 29,415 VND bil in Vietnam in 2009.
South Korea has been ranked 4th within the group of 80 countries we follow in terms of non-performing loans.
A non-performing loan is a loan that is in default or close to being in default.