Non-performing loans reached 6.81 USD bil in 2016 in South Korea, according to the National Central Bank. This is 4.97 % more than in the previous year.
Historically, non-performing loans in South Korea reached an all time high of 7.69 USD bil in 2013 and an all time low of 5.60 USD bil in 2011. When compared to South Korea's main peers, non-performing loans in China amounted to 218 USD bil and 6.07 USD bil in Vietnam in 2016.
South Korea has been ranked 25th within the group of 95 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.