Non-performing loans to total gross loans in Republic of Korea

Republic of Korea: Non-performing loans to total gross loans was 0.3% in 2023. ▼ Falling

Latest (2023)
0.3%
Change on year
up 8.9%
World rank
139th
of 139 countries
All-time high
0.6%
in 2012
All-time low
0.2%
in 2021
Years of data
15
2009–2023

Non-performing loans to total gross loans in Republic of Korea, 2009–2023

00.20.40.62009201620232009: 0.5852010: 0.5882011: 0.4842012: 0.5942013: 0.5712014: 0.4882015: 0.4572016: 0.4692017: 0.3522018: 0.2542019: 0.2512020: 0.2492021: 0.2332022: 0.2422023: 0.264

Source: United Nations Statistics Division, SDG Global Database.

Analysis

Republic of Korea recorded 0.3% for non-performing 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, non-performing loans to total gross loans in Republic of Korea peaked at 0.6% in 2012 and was at its lowest, 0.2%, in 2021.

That places Republic of Korea 139th out of 139 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 15 years of available data.

Non-performing loans to total gross loans in Republic of Korea, year by year

Annual values for Non-performing loans to total gross loans (%) in Republic of Korea, 2009 to 2023.
Year Value 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

DecadeAverage LowestHighest 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

  1. 136 Sweden 0.5% compare
  2. 137 Norway 0.5% compare
  3. 138 Liechtenstein 0.4%

See the full ranking of 150 places →

More development goals data for Republic of Korea

All data for Republic of Korea →

Frequently asked questions

What is non-performing loans to total gross loans in Republic of Korea?
Non-performing loans to total gross loans in Republic of Korea was 0.3% in 2023, according to United Nations Statistics Division, SDG Global Database.
What is the highest non-performing loans to total gross loans recorded in Republic of Korea?
The highest recorded value was 0.6% in 2012.
What is the lowest non-performing 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 non-performing loans to total gross loans?
Republic of Korea ranks 139th out of 139 countries with data for 2023.
Is non-performing 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 United Nations Statistics Division, SDG Global Database, published as part of Non-performing loans to total gross loans (%). Statizoid updates them automatically from the source API.

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Non-performing loans to total gross loans in Republic of Korea. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 03 September 2026, from https://development-goals.statizoid.com/stat/non-performing-loans-to-total-gross-loans-percent/republic-of-korea/

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About this data

Indicator
Non-performing loans to total gross loans (%)
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
150 places, 2,267 data points, 2000–2025
Last refreshed