Household credit surely to have topped 2,000 tln-won mark for 1st time

Household credit in South Korea is surely to have topped the 2,000 trillion-won ($1.41 trillion) landmark in the second quarter, driven by increased home-backed loans and stock loans, according to industry sources Sunday. According to the sources, household credit reached an all-time high of 1,993 trillion won at the end of March, up 14 trillion won from the end of last year, which represents the seventh consecutive quarterly increase, though the pace of growth slowed for the second straight qua

By The Korea Herald