Household Borrowing Moderates After Government Clampdown on Property Loans

SEOUL, Dec. 10 (Korea Bizwire) — Household borrowing from South Korean banks grew at a slower pace in November as tighter mortgage regulations began to cool the heated property market in the Seoul metropolitan area, according to new data released Wednesday by the Bank of Korea. Outstanding household loans came to 1,175.6 trillion won ($799.6 billion) [...]