According to data released by Korea's financial industry on Sunday, loans of nearly 3 trillion won issued by South Korea's four major financial institutions in the first quarter were classified as “expected losses.” According to reports issued by the four major financial institutions, as of the end of March, loans totaling 2.9 trillion won held by these groups were considered almost irrecoverable, an increase of 5.8% over the same period last year. The four major financial institutions are KB Financial Group, Shinhan Financial Group, Korea Asia Financial Group, and Woori Financial Group.

According to data released by Korea's financial industry on Sunday, loans of nearly 3 trillion won issued by South Korea's four major financial institutions in the first quarter were classified as “expected losses.” According to reports issued by the four major financial institutions, as of the end of March, loans totaling 2.9 trillion won held by these groups were considered almost irrecoverable, an increase of 5.8% over the same period last year. The four major financial institutions are KB Financial Group, Shinhan Financial Group, Korea Asia Financial Group, and Woori Financial Group.