Bank non-performing loans to gross loans in South Korea
South Korea: Bank non-performing loans to gross loans was 0.2% in 2020. ◆ Volatile
Bank non-performing loans to gross loans in South Korea, 1998–2020
Source: Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank non-performing loans to gross loans in South Korea is 0.2%, measured in 2020. That is the lowest value across all 23 years on record.
Compared with earlier readings it is down 5.9% on the previous year and down 59.8% over ten years.
Over the whole period, bank non-performing loans to gross loans in South Korea peaked at 8.9% in 2000 and was at its lowest, 0.2%, in 2020.
That places South Korea 140th out of 141 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Bank non-performing loans to gross loans in South Korea, year by year
| Year | % | Change |
|---|---|---|
| 1998 | 7.4% | — |
| 1999 | 8.3% | +12.2% |
| 2000 | 8.9% | +7.2% |
| 2001 | 3.4% | -61.8% |
| 2002 | 2.4% | -29.4% |
| 2003 | 2.6% | +8.3% |
| 2004 | 1.9% | -26.9% |
| 2005 | 1.2% | -36.8% |
| 2006 | 0.8% | -33.3% |
| 2007 | 0.7% | -12.5% |
| 2008 | 0.6% | -14.3% |
| 2009 | 0.6% | +0.0% |
| 2010 | 0.6% | -2.0% |
| 2011 | 0.5% | -17.7% |
| 2012 | 0.6% | +22.7% |
| 2013 | 0.6% | -4.0% |
| 2014 | 0.5% | -14.5% |
| 2015 | 0.5% | -6.3% |
| 2016 | 0.5% | +2.7% |
| 2017 | 0.4% | -24.9% |
| 2018 | 0.3% | -27.8% |
| 2019 | 0.3% | -1.3% |
| 2020 | 0.2% | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.9% | 7.4% | 8.3% | 2 |
| 2000s | 2.3% | 0.6% | 8.9% | 10 |
| 2010s | 0.5% | 0.3% | 0.6% | 10 |
| 2020s | 0.2% | 0.2% | 0.2% | 1 |
Countries ranked near South Korea
- 137 New Zealand 0.5% compare
- 138 Macao 0.3% compare
- 139 Estonia 0.3% compare
- 141 Turkmenistan 0.0% compare
More financial sector data for South Korea
- Net domestic credit (current LCU), per capita 96.84 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 2,672 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 5.54 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 117.53 million SDR (2025)
- Gold reserves at market value 10.71 billion SDR (2025)
- Reserves excluding gold, foreign exchange 294.26 billion SDR (2025)
- Reserves excluding gold 308.07 billion SDR (2025)
- Total reserves (gold at market value) 318.78 billion SDR (2025)
- Total reserves (gold at national valuation) 311.57 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 6,028 SDR per person (2025)
Frequently asked questions
- What is bank non-performing loans to gross loans in South Korea?
- Bank non-performing loans to gross loans in South Korea was 0.2% in 2020, according to Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF).
- What is the highest bank non-performing loans to gross loans recorded in South Korea?
- The highest recorded value was 8.9% in 2000.
- What is the lowest bank non-performing loans to gross loans recorded in South Korea?
- The lowest recorded value was 0.2% in 2020.
- How does South Korea rank for bank non-performing loans to gross loans?
- South Korea ranks 140th out of 141 countries with data for 2020.
- Is bank non-performing loans to gross loans rising or falling in South Korea?
- Over the last ten years it is down 59.8%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF), published as part of Bank non-performing loans to gross loans (%). Statizoid updates them automatically from the source API.
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About this data
Reported by IMF staff. Note that due to differences in national accounting, taxation, and supervisory regimes, these data are not strictly comparable across countries.