Tag: household

household

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A customer receives a consultation at a commercial bank branch in Seoul on Sept. 16.

Korea's economic recovery yet to benefit households broadly: KDI

The Korea Development Institute (KDI), a state-run think tank, said that the Korean economy nonetheless appears to be maintaining its recovery momentum, led by AI-related sectors.

2026.10.12

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

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Korea's population totals edge up due to immigration

New census data showed foreign residents accounting for a record 4.1 percent of the population, offsetting a low birth rate and large cohort of older adults.

2026.7.28

Apartments are seen in Gangnam Distrcit, southern Seoul, on March 29. [YONHAP]

Household income up 2.4 percent in first quarter due to rise in wages and number of pensioners

Korea's average household income rose 2.4 percent from a year earlier in the first quarter, driven by an increase in wages and a rise in the number of pensioners, government data showed Thursday.

2026.5.28

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

Apartment complexes in Seoul as seen from the Lotte Tower in Songpa District, southern Seoul [NEWS1]

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.

2026.4.12

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.

2026.4.1

Lee Chan-jin, governor of the Financial Supervisory Service, in a press conference on March 26 in western Seoul [YONHAP]

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.

2026.3.26

A finance meeting is held at the Seoul Government Complex in Jongno District, central Seoul, on Jan. 21. [FINANCIAL SERVICES COMMISSION]

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.

2026.2.5

Park, a census taker for the 2025 Population and Housing Census, writes a notice at a multifamily housing unit in Seoul on Nov. 7. [LEE AH-MI]

The government needs census data. The public doesn't want to give it.

Nearly 30,000 census takers are gathering data that had a direct impact on government policies and planning, but for workers in the field, it's an uphill battle against a hostile and suspicious public.

2025.11.12