Korea Joongang Daily
Korea JoongAng Daily

Local banks expected to limit household loan growth to just one percent this year

Major lenders in Korea are expected to limit the growth in their household loans to 1 percent this year, sources said Sunday, lower than their initial target of around 2 percent and also lower than the 1.5 percent previously suggested by authorities.

2026-04-12

Household loans rebound for first time in four months in March on lending linked to stock investments

Household loans extended by Korean banks rose for the first time in four months in March despite tight regulations, as lending linked to stock investments grew amid a market correction, data showed on Wednesday.

2026-04-08

Major banks' household loans fell again in March due to continued regulation

Household loans by major banks fell again in March amid continued strict regulations, industry data showed on Wednesday.

2026-04-01

Lenders forced to further limit household loan growth, not to extend loans to owners of multiple homes

All local lenders in Korea will be forced to further tighten their household lending this year and not extend loans to owners of multiple homes, the financial regulator said Wednesday, in a stepped-up move to rein in record household debts.

2026-04-01

Tighter rules on aggregate household loans may be coming, signals financial watchdog chief

The chief of the country's financial watchdog said Thursday that authorities are working to draw up measures to curb high household debts, signaling that stricter rules may be set in motion this year.

2026-03-26

Coca-Cola Korea loses fizz for first time after expanding voluntary retirement last year

Coca-Cola Korea, a subsidiary of LG Household & Health Care, accepted applications for voluntary retirement across all divisions except production last year, industry sources confirmed Tuesday.

2026-03-03

Household income in Q4 rises 4% on higher wages, holiday bonuses

Korea's average household income rose 4 percent from a year earlier in the fourth quarter, driven by a rise in wages, government data showed Thursday.

2026-02-26

Financial regulator to keep tighter household loan rules in place in bid to rein in debt

The country's financial regulator said Thursday that it will continue its efforts to rein in household debt this year and help stabilize financial markets, adding it will continue to keep in place tightened rules on household loans.

2026-02-05

Household loans fall for 1st time in 11 months amid tight lending rules

Household loans extended by Korean banks fell for the first time in 11 months in December amid tightened lending regulations aimed at cooling the overheated property market in the capital region, central bank data showed Wednesday.

2026-01-14

Number of single-person households tops 8 million in 2024: Data

The number of single-person households has climbed to a record high of over 8 million, data showed Sunday, with estimates suggesting the trend will continue as the country grapples with a stagnant birthrate and an aging population.

2025-11-30