Shocking self-employed facts

(1)Merchants and landlords are also limited⋯1 trillion in loan delinquencies

(1)Loan delinquencies jump 37% in one year
(2)The post-COVID-19 downturn in secondary commerce accelerates

(1)Loan delinquencies jump 37% in one year
(2)Delinquencies on personal business loans from the top 5 banks
(3)[Source: KB Kookmin-Shinhan-Hana-Woori NH Bank / Unit: KRW)
(4)Q1 2023Q1 2024
(5)1.356 trillion
(6)987 billion

(1)Self-employed delinquencies exceed 1 trillion won
(2)SBS 8 News (Yesterday)
(3)Hongdae Street Merchants in Seoul
(4)News The other day, the second floor bar here was empty.
(5)I think a lot of people are pulling out (of the store) because it’s hard to pay the interest.

(1)Self-employed delinquencies exceed 1 trillion won
(2)Number of self-employed people who are more than 3 months behind on their loan payments
(3)SBS 8 News (Yesterday) Unit: Persons Source: NICE Evaluation Information, Office of Rep. Kim Sung-joo, Democratic Party of Korea
(4)72,815
(5)5만6,860
(6)28.1% increase
(7)End of September 2023End of March 2024

(1)The self-employed debt ‘snowball’
(2)Amounts past due for more than 3 months
(3)End of December 2022End of December 2023
(4)Office of Kyung-Sook Yang, Democratic Party of Korea, NICE Evaluation Information

(1)The self-employed debt ‘snowball’
(2)Newsdesk
(3)’Distressed self-employed status
(4)Financial loans outstanding for more than 3 months
(5)Nearly tripled to 72,815 people
(6)24,446
(7)2021September 2023March 2024
(8)NICE Evaluation Information, Office of Representative Kim Sung-joo, Democratic Party of Korea

(1)StoryThe Fall of the 7 Million Self-Employed
(2)Small storefronts
(3)Miasa Street
(4)Source: Office for National Statistics
(5)Q1 2022Q1 2023Q4 2023

(1)The downfall of 7 million self-employed streamers
(2)Long-term delinquency rate (%)
(3)7.3 trillion
(4)Source: Bank of Korea,
(5)Office of Representative Yang Kyung-sook of the Democratic Party
(6)2022