Tag: household loan

household loan

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Bank household loans see sharp June increase as mortgages, stock investment demand climbs

Household borrowing at banks rose 7.6 trillion won in June, driven by stronger mortgage demand in greater Seoul and increased stock investment.

2026.7.9

A person walks past ATMs of South Korea's major banks in Seoul, in this file photo taken Dec. 21, 2025. [YONHAP]

Major banks report significant rise in household loans in April

Household loans by major banks increased the most since October last month due to a rise in mortgage loans, financial data showed Monday.

2026.5.4

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A leasing office and an ATM are seen in Gangnam District, southern Seoul, on April 1. [YONHAP]

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.

2026.4.1

Apartments across Seoul are seen on Oct. 14. [YONHAP]

Household loan growth slows markedly in September amid tighter regulations

Household loans extended by Korean banks grew at the slowest pace in six months in September on tighter lending rules aimed at curbing surging housing prices and household debts, central bank data showed Thursday.

2025.10.16

Pedestrians walk by a banner advertising home mortgage loan products at a bank in Seoul on Sept. 7. [YONHAP]

Household loan growth accelerates again in August despite tighter regulations

Household loans extended by Korean banks grew at a faster pace in August compared to the previous month, driven by a recent increase in housing transactions despite government regulations, according to central bank data released on Wednesday.

2025.9.10

Apartments are seen from Mount Namsan in central Seoul on Aug. 31. [YONHAP]

Rise in household loans gathers pace in August despite real estate curb

Household loans in Korea rose by 4.2 trillion won in August, despite new restrictions aimed at curbing debt and housing prices.

2025.8.31

Korea’s big banks post record spreads amid government rate cap

While the Bank of Korea continues to lower its benchmark interest rate, the gap between commercial banks’ loan and deposit rates has grown to a record high.

2025.5.6

Rate of household loans slows in November to 4 trillion won

The rate of household loans slowed in November to 4 trillion won, down from 6.6. trillion won the month before.

2024.12.1

A banner in Seoul promotes a bank's loan programs. [YONHAP]

Household lending growth slows as people pay debts with holiday bonuses

The growth of household loans extended by banks slowed in February as people paid back credit loans using holiday bonuses.

2024.3.13

Finance Minister nominee Choi Sang-mok speaks during a parliamentary confirmation hearing held at the National Assembly in western Seoul on Tuesday. [JOONGANG PHOTO]

Finance Minister nominee vows to tame record household debt

Finance Minister nominee Choi Sang-mok has pledged to facilitate a smooth resolution to the challenges in project financing and to stabilize Korea's record household debt, aiming to effectively manage any potential risks.

2023.12.19