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, May 20 (Korea Bizwire) — The country’s financial regulator said Tuesday that tighter rules on household loans will come into effect from July as planned amid still higher debt levels. According to the Financial Services Commission (FSC), tighter debt-service-ratio (DSR) rules will be applied to virtually all kinds of household debts, and the stress [...]
SEOUL, Oct. 30 (Korea Bizwire) – Household loan growth continued in October, rising slightly higher than the previous month, the country’s chief regulator said Wednesday, but added that it is unclear whether tightened curbs on loans for home rent would be implemented this year. Kim Byoung-hwan, head of the Financial Services Commission (FSC), told reporters [...]
SEOUL, July 7 (Korea Bizwire) – The growth of household loans has shown signs of acceleration as combined household loans from the country’s five major banks surged by approximately 2.2 trillion won (US$1.6 billion) in just four days last week, financial data showed Sunday. According to the data, the total household loan balance of the [...]
SEOUL, Oct. 12 (Korea Bizwire) – Household loans extended by local banks rose 11.8 percent in September from a year earlier due to an increase in collective loans, central bank data showed Wednesday. Outstanding household loans from local lenders came to 688.4 trillion won (US$613 billion) as of end-September, compared with 615.7 trillion won from [...]
SEOUL, Nov. 11 (Korea Bizwire) – Household loans extended by local lenders increased at the fastest clip last month, central bank data showed Wednesday, amid the rising possibility of a looming U.S. rate hike. Outstanding household loans extended by local banks reached 624.8 trillion won (US$539.3 billion) as of the end of October, up 9 [...]
![[Stats] Variation of Household Credit Volume](http://koreabizwire.com/wp/wp-content/uploads/2014/05/가계신용증감액1.png "[Stats] Variation of Household Credit Volume")
[Related Article] Korea’s Household Leverage Exceeds OECD Average (Korea Bizwire, May 28) An analysis that Korea’s household debts have not only exceeded the OECD average but also reached the critical point which could trigger an economic crisis has come out… (see the full text of this news) Infographics Design Team (Infographic@kobizmedia.co.kr)