Personal loan of wage workers South Korea 2018-2019

Published by L. Yoon, Jun 25, 2024
In 2019, the average personal loan of wage workers in South Korea amounted to approximately 42 million South Korean won, showing an increase of around seven percent compared to the previous year. The delinquency rate of wage workers based on loan balance remained at the previous year's level of around 0.6 percent.

Average personal loan of wage workers in South Korea from 2018 to 2019 (in million South Korean won)

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Release date

October 2020

Region

South Korea

Survey time period

2018 to 2019

Supplementary notes

*Preliminary figures.

1,000 South Korean won equals 0.88 U.S. dollars or 0.75 euros as of April 2021.

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