SEOUL, Sept. 22 (Yonhap) -- South Korea banks are targeting to keep the portion of bad loans against their total lending at 1.49 percent at the end of this year, the financial regulator said Sunday.
The target bad loan ratio is up from 1.33 percent a year earlier and 1.36 percent at the end of 2011, according to the Financial Supervisory Service (FSS). A bad loan refers to a loan with a default potential due to the borrower's failure to pay interest or make principal repayments for 90 days.
