Household debts, led by housing loans, are forecast to rise for a fourth consecutive month in July despite tightening measures, as household loans from Korea's five major banks increased by over 300 billion won ($232.7 million) in the month to date.
A view of apartment buildings from the top of Mount Namsan in central Seoul, Sunday. Household debts, led by housing loans, are forecast to rise for a fourth consecutive month in July despite tightening measures, as household loans from Korea's five major banks increased by over 300 billion won ($232.7 million) in the month to date. [YONHAP]
![A view of apartment buildings from the top of Mount Namsan in central Seoul, Sunday. Household debts, led by housing loans, are forecast to rise for a fourth consecutive month in July despite tightening measures, as household loans from Korea's five major banks increased by over 300 billion won ($232.7 million) in the month to date. [YONHAP]](https://img1.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202307/23/koreajoongangdaily/20230723171454287rcqq.jpg)