South Korea's Top 5 Banks Add 3.8 Trillion Won in Household Loans as Mortgages Jump
Updated
Updated · 코리아타임스 · Aug 2
South Korea's Top 5 Banks Add 3.8 Trillion Won in Household Loans as Mortgages Jump
3 articles · Updated · 코리아타임스 · Aug 2
Summary
778.8 trillion won in household loans was outstanding at South Korea’s five major banks as of Thursday, up 3.8 trillion won in July despite tighter borrowing rules.
617.4 trillion won in mortgage loans drove much of the increase, rising 2.3 trillion won from June for the sharpest monthly gain since August 2025 as Seoul-area home prices climbed.
110 trillion won in credit loans also added momentum, increasing 1.4 trillion won from end-June to the highest level since March 2023.
Late-July stock market losses helped fuel that credit demand, with investors using overdraft borrowing to raise short-term funds for bargain buying.