April 27, 2024
Economy
Household loans rise 10% in April
[THE INVESTOR] Korea’s household loans extended by banks rose 9.8 percent in April from a year, central bank data showed on May 15.
Outstanding household loans from lenders came to 718.6 trillion won (US$637 billion) as of end-April, compared with 654.3 trillion won from a year earlier, according to the data from the Bank of Korea.
Compared with March, the amount rose by 4.6 trillion won.
Mortgages climbed 3.3 trillion won on-month to 541.8 trillion won in April. In March, mortgages rose 2.6 trillion won from a month earlier, the BOK said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Outstanding household loans from lenders came to 718.6 trillion won (US$637 billion) as of end-April, compared with 654.3 trillion won from a year earlier, according to the data from the Bank of Korea.
Compared with March, the amount rose by 4.6 trillion won.
Mortgages climbed 3.3 trillion won on-month to 541.8 trillion won in April. In March, mortgages rose 2.6 trillion won from a month earlier, the BOK said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
