Household loans again rise in Oct. despite tightened rules, higher rates

Korea Times News ·
Economy Personal Finance South Korea

Household loans by major banks again rebounded in October from a month earlier despite tight borrowing regulations and higher rates, data showed Monday. Outstanding household loans at five major lenders — KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NH Nonghyup Bank — stood at 783.6 trillion won ($584 billion) as of end-October, up 2.77 trillion won from the previous month, according…

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