Household Borrowing Logs Sharpest Gain In 8 Months In May On Rising Home Transactions
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 [...]