00:02You're listening to AI Prism from Seoul Economic Daily.
00:06If you're a few years into your career at a Korean company,
00:09three things happened this week that touch your next raise,
00:13your loan, and your job security.
00:16A rate hike is already pushing up loan delinquencies.
00:20Banks are pulling back credit hard.
00:23And a manufacturing skills crisis might actually be your opening.
00:28It's Monday, July 20th.
00:30Let's talk about a trend affecting young professionals in Korea.
00:34The Bank of Korea just raised its policy rate for the first time in three and a half years.
00:39Banks are responding by tightening household and corporate lending across the board.
00:44At the same time, Korea's manufacturing sector is short on the skilled workers it needs to train AI systems.
00:52Here's what the numbers show.
00:53K.B. Cookman Bank scrapped early repayment fees on personal credit loans from July 20th through year-end,
01:01part of a broader push to shrink loan balances.
01:05The five major banks' household loan balance hit $777.23 trillion won as of July 15th,
01:14already above their annual growth targets set with regulators.
01:17Corporate loan delinquency rates at small firms averaged 0.59% in June,
01:25up 0.11 percentage points from a year earlier.
01:29Banks expect that delinquency rate to rise another 0.05 to 0.08%.
01:36You've been listening to AI Prism from Seoul Economic Daily.
01:39This was a video of Annabelle so, as many more option has seen that C-K produits directly
01:41arrested throughout the� pay into the 달라сл 4 term episode of PR and Kid Hinuary.
01:42And we've also had a privacyzem6
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