Bank nonperforming loans to total gross loans in Republic of Korea
Republic of Korea: Bank nonperforming loans to total gross loans was 0.3% in 2023. ▼ Falling
Bank nonperforming loans to total gross loans in Republic of Korea, 2009–2023
Source: Financial Soundness Indicators, International Monetary Fund (IMF). Measured in %.
Analysis
Republic of Korea recorded 0.3% for bank nonperforming loans to total gross loans in 2023.
Compared with earlier readings it is up 8.9% on the previous year and down 53.8% over ten years.
Over the whole period, bank nonperforming loans to total gross loans in Republic of Korea peaked at 0.6% in 2012 and was at its lowest, 0.2%, in 2021.
Republic of Korea ranks 149th of 150 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Bank nonperforming loans to total gross loans in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 2009 | 0.6% | — |
| 2010 | 0.6% | +0.6% |
| 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% | -0.8% |
| 2021 | 0.2% | -6.3% |
| 2022 | 0.2% | +3.8% |
| 2023 | 0.3% | +8.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6% | 0.6% | 0.6% | 1 |
| 2010s | 0.5% | 0.3% | 0.6% | 10 |
| 2020s | 0.2% | 0.2% | 0.3% | 4 |
Countries ranked near Republic of Korea
More financial sector data for Republic of 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 nonperforming loans to total gross loans in Republic of Korea?
- Bank nonperforming loans to total gross loans in Republic of Korea was 0.3% in 2023, according to Financial Soundness Indicators, International Monetary Fund (IMF).
- What is the highest bank nonperforming loans to total gross loans recorded in Republic of Korea?
- The highest recorded value was 0.6% in 2012.
- What is the lowest bank nonperforming loans to total gross loans recorded in Republic of Korea?
- The lowest recorded value was 0.2% in 2021.
- How does Republic of Korea rank for bank nonperforming loans to total gross loans?
- Republic of Korea ranks 149th out of 150 countries with data for 2023.
- Is bank nonperforming loans to total gross loans rising or falling in Republic of Korea?
- Over the last ten years it is down 53.8%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from Financial Soundness Indicators, International Monetary Fund (IMF), published as part of Bank nonperforming loans to total gross loans (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The indicator measures the proportion of a deposit taker’s loan portfolio that is impaired or at risk of default. It is calculated as the ratio of non-performing loans (NPLs) to total gross loans, where NPLs are defined as loans that are past due by 90 days or more or are otherwise considered unlikely to be repaid in full without the realization of collateral. Both non-performing loans and total gross loans should be reported at their gross book value, without deducting for loan-loss provisions or collateral. This indicator provides a key measure of asset quality and potential credit risk in the banking system.