SEOUL, Jan. 14 (Korea Bizwire) — Household lending by South Korean banks declined in December for the first time in nearly a year, signaling the early impact of tighter government controls aimed at cooling an overheated housing market in the Seoul metropolitan area. Outstanding household loans at banks totaled 1,173.6 trillion won ($795 billion) at the [...]
SEOUL, Oct. 16 (Korea Bizwire) — Household lending in South Korea grew at its slowest pace in six months in September, new data showed Thursday, as tougher regulations and seasonal factors cooled borrowing amid renewed efforts to rein in housing prices and rising household debt. According to the Bank of Korea, household loans extended by banks [...]
SEOUL, April 5 (Korea Bizwire) — South Korean online banks’ household loans grew nearly 8 percent in the first three months of this year amid decreased lending by offline rivals, industry sources said Tuesday. Outstanding household lending by the three online banks — Kakao Bank, K-Bank and Toss Bank — came to 36.14 trillion won [...]
SEOUL, Nov. 23 (Korea Bizwire) – South Korean savings banks’ household lending has soared nearly 20 percent over the past year to top the 20 trillion-won (US$18.3 billion) mark despite their high interest, central bank data showed Thursday. Savings banks’ outstanding household loans stood at 20.6 trillion won as of end-September, up 19.8 percent from [...]
SEOUL, Oct. 16 (Korea Bizwire) – South Korea’s household lending by banks rose at the slowest pace in five months in September, but mortgage loans continued the upside trend amid the government’s toughened financial measures to cool down the real estate market, central bank data showed Monday. Outstanding household loans from lenders came to 749.2 [...]