Household loans extended by five major banks in Korea rose for the second consecutive month in May due to a rise in mortgage and credit loans.
A sign shows information about a bank’s loan programs in Seoul on Sunday. [YONHAP]
Household loans extended by five major banks in Korea rose for the second consecutive month in May due to a rise in mortgage and credit loans.
Bank’s outstanding household loans came to 702.7 trillion won ($508 billion) as of the end of May, up 4.7 trillion won from a month earlier, according to the data from the Bank of Korea.
![A sign shows information about a bank’s loan programs in Seoul on Sunday. [YONHAP]](https://img4.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202406/02/koreajoongangdaily/20240602180355482jocy.jpg)