S. Korea's household credit in Q1 records US$ 1.3 tril., up 4.9% y/y: BOK
- 5 years ago
1분기 가계빚 1540조원 돌파…증가율은 14년 만에 최저
South Korean households' debt grew in the first quarter to one-point-three trillion U.S. dollars, but it was the slowest on-year rise in 14 years.
The Bank of Korea says from January through March, household debt, including mortgages and credit cards,... grew around five percent on-year.
Household debt growth hit a record back in 2016 of 11-point-six percent,... but for nine straight quarters it's been slowing down.
The BOK attributed that to the government's tighter lending regulations and a slowdown in housing transactions.
South Korean households' debt grew in the first quarter to one-point-three trillion U.S. dollars, but it was the slowest on-year rise in 14 years.
The Bank of Korea says from January through March, household debt, including mortgages and credit cards,... grew around five percent on-year.
Household debt growth hit a record back in 2016 of 11-point-six percent,... but for nine straight quarters it's been slowing down.
The BOK attributed that to the government's tighter lending regulations and a slowdown in housing transactions.