The delinquency rate of people in their 20s who borrowed money from Internet banks skyrocketed.

The delinquency rate of customers in their 20s who owe money from Internet banks has soared, the report showed.

According to the data received by Kim Hyun-jung of the Democratic Party of Korea from the Financial Supervisory Service, the delinquency rate for borrowers under their 20s who received credit loans from K-Bank at the end of August this year is 4.05%.

It is up 0.28%p from the end of last year and 2.29%p from December 2021.

Looking at other age groups, 1.98% in their 30s, 1.86% in their 50s, and 1.63% in their 40s, showing a big difference from those in their 20s or younger.

This trend has also been confirmed by other Internet banks.

Kakao Bank's credit delinquency rate for under-20s stood at 2.09% as of the end of August, more than double the overall average of 1.03%.

Toss Bank also had a delinquency rate of 1.75% for under-20s, up from 1.48% at the end of last year.

As Internet banks can easily receive loans through non-face-to-face, it is analyzed that the delinquency rate is relatively higher as young people flock.

As a result, it is pointed out that the Internet bank's loan review management and the credit management of young people should be thoroughly carried out.