2 days ago
Korea Household Debt Jumps Most Since 2021 Before BOK Rate Call
South Korea's household debt last quarter expanded at the quickest pace since 2021, fueled by a jump in mortgage lending, likely adding to concerns at the Bank of Korea ahead of its policy meeting next week.
Total household credit rose by 24.6 trillion won ($17.7 billion), or 1.3%, in the April-June period, compared with the previous quarter, according to data released Tuesday by the central bank. That was the highest quarterly gain since third quarter of 2021.
