Yonhap Infomax NewsSouth Korea's household loans surged 2.9 trillion won last month, driven by secondary financial institutions' mortgage lending, prompting government intervention including Saemaul Geumgo's group loan suspension to stabilize credit growth amid concerns over multi-homeowner tax deferral ending.
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Household Loans Rise 2.9 Trillion Won Last Month - 'Saemaul Geumgo Halts Group Loan Origination'
South Korea's household loans surged 2.9 trillion won last month, driven by secondary financial institutions' mortgage lending, prompting government intervention including Saemaul Geumgo's group loan suspension to stabilize credit growth amid concerns over multi-homeowner tax deferral ending.