Arab Today, arab today korean household loans rise sharply 2014 amid low borrowing costs
Last Updated : GMT 12:48:35
Arab Today, arab today
Arab Today, arab today

Korean household loans rise sharply 2014 amid low borrowing costs

Arab Today, arab today

Arab Today, arab today Korean household loans rise sharply 2014 amid low borrowing costs

Home prices
Seoul - Yonhap

Household loans extended by South Korean lenders increased sharply last year on the back of low borrowing costs, data showed on Sunday, stoking concerns that the country's household debt could balloon further.
According to the data compiled by the country's six major lenders including Kookmin and Shinhan, home-backed lending, which accounts for roughly 90 percent of the total, increased 10.8 percent, or 29.2 trillion won (US$26.44 billion), last year to 299.8 trillion won.

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