South Korean card delinquencies hit 12-year high as rates squeeze issuers
AI Summary- Bank of Korea warned South Korean card companies about funding and asset-quality pressures.
- Delinquencies reached 2.34% at March-end, the highest level in about 12 years.
- Precautionary loans at seven firms rose to 3.59% at June-end from 3.20% at 2025-end.