US Edition
Household Loans Fall for 3rd Month in February; Mortgage Loans Edge up on Moving Demand
2 Articles
2 Articles
Household loans fall for 3rd month in February; mortgage loans edge up on moving demand
Household loans extended by Korean banks fell for the third consecutive month in February amid tightened lending regulations, though mortgage-backed loans rebounded slightly due to seasonal demand in moving, central bank data showed Wednesday. Outstanding household loans stood at 1,172.3 trillion won ($799.11 billion) at the end of February, down 300 billion won from a month earlier, according to the data from the Bank of Korea (BOK). Household …
Banknote household loans declined for three consecutive months. This is due to the decline in other loans due to the influx of bonuses ahead of the Lunar New Year holidays. However, mortgage loans increased after 3 months due to the impact of demand for new semester directors. According to the “February Financial Market Trends” announced by the Bank of Korea on the 11th, bank household loan balances were estimated at 1172.30 trillion won as of t…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
