Household loans rise for second straight month
![A sign shows information about a bank’s loan programs in Seoul on Sunday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/06/02/73863b37-a018-4699-ae1d-2721d84d7e53.jpg)
A sign shows information about a bank’s loan programs in Seoul on Sunday. [YONHAP]
Household loans extended by five major banks in Korea rose for the second consecutive month in May due to a rise in mortgage and credit loans.
Bank’s outstanding household loans came to 702.7 trillion won ($508 billion) as of the end of May, up 4.7 trillion won from a month earlier, according to the data from the Bank of Korea.
BY LEE JAE-LIM [lee.jaelim@joongang.co.kr]
with the Korea JoongAng Daily
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