SEOUL, June 11 (Korea Bizwire) – Household loans extended by South Korean banks rose sharply in May, central bank data showed Wednesday, driven by an increase in housing transactions. Banks’ outstanding household loans stood at 1,155.3 trillion won (US$845.07 billion) as of end-May, up 5.2 trillion won from a month earlier, according to the data [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s household loans extended by major banks slowed in March following a sharp increase the previous month, industry data showed Tuesday. Outstanding household loans extended by five major commercial banks, including KB Kookmin Bank, Shinhan Bank and Hana Bank, stood at 738.55 trillion won(US$502 billion) at the end [...]
SEOUL, Sept. 2 (Korea Bizwire) – Household loans extended by the country’s five major banks rose by the most on record last month despite warnings from the financial regulators and a series of rate hikes, industry sources said Monday. According to the sources, KB Kookmin, Woori and three others extended a combined 9.62 trillion won [...]
SEOUL, Jun. 25 (Korea Bizwire) — The financial regulator said Tuesday that the planned implementation of stricter rules on household loans will be postponed until the start of September amid various risk factors facing the financial market. The country was originally set to implement a second phase formula for floating rate stress debt service ratio [...]
SEOUL, June 16 (Korea Bizwire) – Household loans extended by five major lenders in South Korea have risen more than 2.1 trillion won (US$1.5 billion) so far this month, industry data showed Sunday. Outstanding household loans extended by the five top lenders reached 705.4 trillion won as of June 13, compared with 703.2 trillion won [...]
SEOUL, Feb. 1 (Korea Bizwire) – Household loans extended by five major lenders in South Korea rose for the ninth consecutive month in January with the rate of increase also quickening from a month earlier, market sources said Thursday. Household loans extended by the five top lenders here added 2.9 trillion won (US$2.17 billion) from [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s household credit shrank at the sharpest pace in 13 years in the fourth quarter of 2022 amid high interest rates driven by the central bank’s monetary tightening to bring down inflation, data showed Tuesday. Outstanding household loans reached 1,867.0 trillion won (US$1.44 trillion) at the end of [...]
SEOUL, Jan. 12 (Korea Bizwire) — Household loans extended by banks in South Korea declined for the first time in 18 years last year, due mainly to higher borrowing costs, the central bank’s data showed Thursday. Banks’ outstanding household loans decreased by 2.6 trillion won (US$2.09 billion) to 1,058.1 trillion won, according to the data [...]
SEOUL, Dec. 31 (Korea Bizwire) — Banks’ rates charged on new household loans in November hit the highest level in over a decade, affected by the central bank’s aggressive rate increases to tame inflation, data showed Friday. Banks’ household lending rate applied to new loans last month stood at 5.57 percent per annum on average, [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korean banks’ household loans increased by the largest amount on record in August amid rising home prices and a rally in the stock market, central bank data showed Wednesday. Outstanding bank loans to local households came to 948.2 trillion won (US$796.9 billion) as of end-August, up 11.7 trillion [...]