Household lending at banks jumps in Q2 on leveraged investing, mortgage demand

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Household loans at the five major banks have surged by 6 trillion won in just two months, driven by a combination of demand for leveraged investment amid the stock market boom and increased housing transactions in the Seoul metropolitan area. According to the financial industry on the 21st, 5 banks including KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup

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[Digital Daily Reporter Kim Nam-gyu] It has been revealed that the proportion of household loans at Korea's four major commercial banks is nearly twice as high as that of major global banks such as JPMorgan Chase (JPM) in the U.S. and Mitsubishi UFJ Financial Group (MUFG) in Japan. It is pointed out that since an asset structure centered on household loans limits the expansion of productive finance, a transition to a "Korean-style barbell portfo…