South Korean banks experienced the fastest growth in household loans in almost two years during May, with a 6.9 trillion won increase. This surge was driven by rising stock market investments and increased mortgage lending.
South Korean banks saw household loans increase for the second straight month in April, driven by a surge in mortgage lending. Despite ongoing regulations aimed at curbing housing prices, outstanding loans grew by 2.2 trillion won, with mortgage loans alone up 1.3 trillion won.
Household loans at South Korea's five major banks rose by 1.57 trillion won in April, the largest increase since October, primarily driven by a 1.91 trillion won surge in mortgage lending.
