Household loans fall as banks maintain tight lending rules: data

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Amid the government's stance on tightening household loan management, loans secured by automobiles have been shown to be increasing rapidly this year. From January to July of this year, the volume of auto-backed loans handled by savings banks and capital companies neared 5 trillion won, exceeding 70% of last year's total annual volume. Auto-backed loans are a representative type of loan used during economic downturns, primarily by borrowers faci…

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporters Han Ji-hoon and Lee Do-heun = The outstanding balance of household loans at major commercial banks decreased this month for the first time in a while. Although the government eased regulations on the total volume of household loans, banks...