News Column

South Korea's household credit records KRW 1,021trn in Q4/2013

February 26, 2014

South Korea's household credit was posted at KRW 1,021trn in the fourth quarter last year, recording an increase of 27.7trn from the third quarter. According to the Bank of Korea, the household debt growth accelerated during the period, as mortgage lending sharply increased ahead of the end of the government's tax breaks on home purchases.

The country's credit purchases were registered at KRW 58.3trn during the period, up KRW 3.7trn from the third quarter.

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Source: IntelliNews - Weekly Reports

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