Tag: credit

credit

Latest News

Nearly 100,000 Koreans approved for debt adjustments in first half of year

The number of people receiving debt adjustments has continued to rise, increasing 56.1 percent over three years, from 121,095 in 2022 to 189,062 last year.

2026.8.31

A person walks past a mortgage advertisement attached on a bank in Seoul on July 9.

Household credit jumps at fastest pace in some 5 years to hit record high in Q2

Outstanding loans totaled 2.02 quadrillion won ($1.43 trillion) as of the end of June, according to the central bank.

2026.8.19

Retail investors tap personal credit lines amid market turmoil

Retail investors added more than 600 billion won ($393.5 million) to their personal credit lines — the highest figure of its kind since 2022 — at Korea's five largest banks in just two trading days amid last week's market volatility.

2026.6.10

A passerby walks past a poster promoting home mortgage loans at a bank in central Seoul on Dec. 7, 2025. [YONHAP]

Household credit rises for 8th consecutive quarter in Q1 due to tighter lending regulations

Korea's household credit rose for the eighth consecutive quarter in the first three months of this year, but the pace of growth slowed slightly amid tighter lending regulations, central bank data showed on Tuesday.

2026.5.19

U.S. Treasury Secretary Scott Bessent attends the 56th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 20. [REUTERS/YONHAP]

U.S. Treasury to meet with insurance regulators to discuss private credit markets

The U.S. Treasury Department said on Wednesday that it will convene meetings starting in April with domestic and international insurance regulators focused on recent developments in private credit markets.

2026.4.2

Signage is seen outside the Moody's Corporation headquarters in Manhattan, New York, Nov. 12, 2021. [REUTERS/YONHAP]

Korea to hold annual consultations with Moody's on sovereign credit rating

Korea will hold its annual consultation meetings with global credit rating agency Moody's Investors Service this week, the Ministry of Economy and Finance said Monday.

2026.1.26

An advertisement on loans is posted outside of a bank in Seoul on Aug. 19. [NEWS1]

Household credit hits fresh high in Q2: BOK

Korea's household credit hit a fresh high in the second quarter of this year, amid a rise in loans borrowed for real estate purchases, the central bank said Tuesday.

2025.8.19

Apartments in Seoul on June 29. [YONHAP]

Korean borrowers caught off guard as banks freeze mobile loan services

A sudden clampdown on online lending has left borrowers scrambling, as Korea's major banks freeze mobile loan services in a bid to comply with the government’s tougher debt control measures.

2025.6.30

Kim Myoung-soo, NICE Investors Service CEO, speaks during the NICE Credit Seminar 2024 held in western Seoul on Thursday. [SHIN HA-NEE]

Credit risk grows for petrochemical makers with Chinese walkaway

Korea's petrochemical manufacturers face growing credit risks as China pulls back and persistently high capital expenditures plague the industry.

2024.5.9

A bank in downtown Seoul is pictured on Wednesday. [YONHAP]

Gov't considers deleting overdue debt records for small business owners

The government is considering deleting overdue debt records for small business owners and people in vulnerable classes that had piled up during the Covid-19 pandemic.

2024.1.8

Tag: credit

credit

Latest News

Nearly 100,000 Koreans approved for debt adjustments in first half of year

Household credit jumps at fastest pace in some 5 years to hit record high in Q2

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