Insurers' delinquency ratio drops in March
Insurers' delinquency ratio drops in March
Seoul - Yonhap
The loan delinquency ratio of South Korean insurance firms dropped slightly in March from a month earlier due to a decrease in overdue corporate and household debts, the financial watchdog said Tuesday.
The average bad debt ratio of local life and non-life insurers stood at 0.62 percent at the end of March, down 0.03 percentage point from the previous month, according to the Financial Supervisory Service (FSS)
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