The number of bad loans (non-profit loans) that fail to pay loan interest on time increased sharply last year. Analysts say that an increasing number of small and medium-sized companies and private businesses are being pushed into marginal situations due to concerns over an economic slowdown amid the wave of high interest rates and high exchange rates.
According to Mail Business’s analysis of the business reports of the four major commercial banks (KB Kookmin, Shinhan, Hana, and Woori Bank) on the 20th, the balance of non-profit loans by these banks totaled 3.8468 trillion won as of the end of last year, up 21% (668.1 billion won) from 3.1787 trillion won last year….