Household loans rise for second straight month
Published: 02 Jun. 2024, 18:03
Updated: 02 Jun. 2024, 18:34
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- LEE JAE-LIM
- [email protected]
![A sign shows information about a bank’s loan programs in Seoul on Sunday. [YONHAP]](https://koreaseafood.online/data/photo/2024/06/02/73863b37-a018-4699-ae1d-2721d84d7e53.jpg)
A sign shows information about a bank’s loan programs in Seoul on Sunday. [YONHAP]
Household loans extended by five major banks in Korea rose for the second consecutive month in May due to a rise in mortgage and credit loans.
Bank’s outstanding household loans came to 702.7 trillion won ($508 billion) as of the end of May, up 4.7 trillion won from a month earlier, according to the data from the Bank of Korea.
BY LEE JAE-LIM [[email protected]]
with the Korea JoongAng Daily
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