Korean Bank Delinquencies Hit 10-Year High, Raising Corporate Credit Concerns

A corporate customer speaks with a bank employee at a loan counter in Seoul. (Yonhap) The delinquency rate on loans at South Korean banks reached its highest level in a decade as of the end of June, raising concerns over deteriorating corporate credit quality. While banks' aggressive cleanup of delinquent loans at the end of the quarter brought the rate down from the previous month, corporate loan…