Five Major Banks See Household Loans Surge by 6.7 Trillion Won in June—Mortgage Lending Jumps 5.7 Trillion Won Amid Last-Minute Borrowing Rush

South Korea’s five largest banks saw household loans surge by 6.7 trillion won in June, led by a 5.7 trillion won jump in mortgages as borrowers rushed to secure loans ahead of new regulatory caps, while corporate lending declined amid tighter credit screening and economic slowdown concerns.