In April, South Korean banks experienced a rebound in household lending, with a 5.1 trillion won increase in household debt.
In April, South Korean banks saw household lending rebound due to strong demand for mortgage loans, with household debt increasing by 5.1 trillion won (3.7bn USD) to 1,103.6 trillion won (805.1bn USD). This followed a decrease in March. Corporate loans also increased, with lending to large firms gaining 6.5 trillion won (4.7bn USD) and loans to small firms rising by 5.4 trillion won (4bn USD).
May 13, 2024
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