South Korea’s household lending posted a record monthly decline in December, with mortgage loans falling for the first time in 34 months as banks tightened credit, while the Bank of Korea warned that high housing price expectations still warrant caution.
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Bank household loans in South Korea surged by 4.8 trillion won in April, with mortgage loans increasing by 3.7 trillion won, amid expectations of interest rate cuts and increased housing transactions.
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Bank of Korea reports slowing household loan growth in March, with full impact of land transaction permit system changes yet to be seen, while corporate loans shift to decline
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