Most Popular
-
6
US confirms $6.4 billion chip subsidy for Samsung
-
7
Israel says Iran launched more than 300 drones and missiles, 99% of which were intercepted
-
8
[KH Explains] How should Korea adjust its trade defenses against Chinese EVs?
![[KH Explains] How should Korea adjust its trade defenses against Chinese EVs?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/15/20240415050562_0.jpg&u=20240415144419)
-
9
BTS' Jungkook creates Instagram account for his dog
-
10
Korea braces for blows from Middle East conflict
![[KH Explains] How should Korea adjust its trade defenses against Chinese EVs?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/15/20240415050562_0.jpg&u=20240415144419)
South Korean banks' household loans swung to an upturn in June following the previous month's one-off decline, central bank data showed Thursday.
Outstanding bank loans to local households came to 1,030.4 trillion won ($896 billion) as of end-June, up 6.3 trillion won from a month earlier, according to the data from the Bank of Korea (BOK).
It marks a turnaround from the 1.6 trillion-won on-month decline in May, which was attributed to repayments of loans by customers after the initial public offering of battery maker SK IE Technology Co.
A large number of bank customers took out loans from local banks to apply for SK IE Technology's IPO subscription.
The central bank said June's sold growth resulted mainly from a surge in mortgage loans.
Banks' mortgage loans expanded by 5 trillion won on-month to 752.2 trillion won in June, compared with a 4 trillion-won increase the previous month.
Unsecured and other non-mortgage loans grew by 1.3 trillion won, a turnaround from a 5.5 trillion-won tumble.
In the January-June period, local banks' household loans soared by 41.6 trillion won, the largest first-half increase since data tracking began in 2004, according to the BOK. (Yonhap)
Outstanding bank loans to local households came to 1,030.4 trillion won ($896 billion) as of end-June, up 6.3 trillion won from a month earlier, according to the data from the Bank of Korea (BOK).
It marks a turnaround from the 1.6 trillion-won on-month decline in May, which was attributed to repayments of loans by customers after the initial public offering of battery maker SK IE Technology Co.
A large number of bank customers took out loans from local banks to apply for SK IE Technology's IPO subscription.
The central bank said June's sold growth resulted mainly from a surge in mortgage loans.
Banks' mortgage loans expanded by 5 trillion won on-month to 752.2 trillion won in June, compared with a 4 trillion-won increase the previous month.
Unsecured and other non-mortgage loans grew by 1.3 trillion won, a turnaround from a 5.5 trillion-won tumble.
In the January-June period, local banks' household loans soared by 41.6 trillion won, the largest first-half increase since data tracking began in 2004, according to the BOK. (Yonhap)
