
Korea’s Self-Employed Borrowers Face Highest Delinquency Rate in a Decade, Raising Systemic Risk (Mar 31, 2025)
created At: 3/31/2025

Strong Sell
This analysis strongly recommends selling due to identified risk factors. Please review the details carefully before making a decision.
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Fact
Savings bank delinquency rate for self-employed borrowers reached 11.70%, the highest in 10 years
Credit card & capital firm delinquency rate hit 3.67%, highest since 2014
Bank sector delinquency rate recorded at 0.60%, highest since 2014
56.5% of self-employed borrowers are multi-loan holders, accounting for 70.4% of total self-employed loans
Average debt per multi-loan self-employed borrower stands at KRW 430 million, highest since 2021
Opinion
The prolonged downturn is intensifying self-employed loan defaults, and the rising proportion of multi-loan borrowers is significantly increasing the credit risk facing South Korea's financial sector.
Core Sell Point
The sharp rise in self-employed loan delinquency is emerging as a systemic risk factor for the broader financial sector.
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