Korea Joongang Daily
Korea JoongAng Daily

Korea's per capita household net assets grow over 3 percent in 2024: BOK

Korea's per capita household net assets rose more than 3 percent from a year earlier in 2024, driven by rising home prices and the growth in financial assets, central bank data showed Thursday.

2025-07-17

Household borrowing logs sharpest rise in 10 months in June on surging home prices

Household loans extended by Korean banks rose by the largest margin in 10 months in June, driven by an increase in housing transactions and surging home prices, central bank data showed Wednesday.

2025-07-09

Households' excess funds hit record high in Q1 amid weak consumption

Excess funds held by Korean households hit an all-time high in the first quarter amid a decline in housing purchases and other forms of consumption, central bank data showed Tuesday.

2025-07-08

Authorities to crack down on irregular home transactions amid tighter loan curbs

Korea's financial authorities will crack down on irregular and unusual home transactions amid tightened curbs on mortgages aimed at reining in soaring home prices.

2025-07-03

Soaring real estate prices tie BOK's hands on rate

Korea’s central bank warned that household lending could spike sharply through the end of the third quarter, as real estate prices accelerate in Seoul and its suburbs — a red flag that may delay any move to cut interest rates.

2025-07-01

Rapid rise in household loans points to overheating in Korea’s asset markets

Household loans extended by five major banks in South Korea rose at the fastest pace in 10 months, industry data showed Sunday, amid signs of overheating in the housing market and a recent rally in the local stock market.

2025-06-22

Number of 1-person households climb, with more higher earners

More Koreans are living alone — and earning more — than ever before, while the number of dual income households fell for the first time in four years.

2025-06-19

In shift, president appears open to income-based 'livelihood support' stimulus

President Lee Jae Myung suggested support for a hybrid approach to “livelihood support payments,” calling for universal distribution with differentiated amounts based on income — a departure from his previous advocacy for a flat-rate payout.

2025-06-17

The decline of 'jipbap': Dining out wins, even in a downturn

Despite tough economic times, more and more Koreans are turning to dining out or ordering delivery food instead of cooking at home, bucking a longstanding trend for the sake of convenience.

2025-06-11

Household loans grow at fastest pace in 7 months in May

Korea's household credit increased at the fastest pace in seven months in May amid a recovery of the housing and stock markets, financial data showed Sunday.

2025-06-01