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South Korea's household borrowing rose in October for the ninth straight month, driven by mortgages, investments, and holiday spending.
South Korea's household lending rose 3.5 trillion won in October to 1,173.7 trillion won, marking the ninth straight month of growth, driven by increased mortgage and credit borrowing for investments and holiday spending.
Mortgage loans grew by 2.1 trillion won, while unsecured loans rebounded by 1.4 trillion won, fueled by stock market gains and lower interest rates.
Corporate lending also increased, led by small firms.
The central bank has cut rates to 2.50% to support the economy, while regulators expanded housing restrictions amid rising concerns over debt and property market activity.
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Los préstamos de los hogares de Corea del Sur aumentaron en octubre por noveno mes consecutivo, impulsados por hipotecas, inversiones y gastos de vacaciones.