Delinquency Rates on the Rise in Financial Institutions: Implications for the Economy in 2024
Money Today Reporter Hwang Ye-rim, Reporter Kwon Hwa-soon | 2024.04.30 16:39 2Trend of delinquency rate in financial institutions/graphic = Seonjeong Yoon The reason why the financial authorities mandate light auctions of insolvent real estate PF (funding of real estate projects) Businesses second-tier financial institutions every three months is not irrelevant to ‘catch out’ of second-tier […]
Loan Interest Rates on the Rise as Banks Adjust Additional Interest Rates
Loan interest rates are on the rise, with commercial banks adjusting their additional interest rates accordingly. Despite efforts by financial authorities to tighten household loans, there has been no slowdown in the increase of household loans, including home mortgage loans. To curb loan demand, banks are lowering favorable interest rates and raising additional interest rates. […]
