Asia's Heartbeat arirang

SUN, 2014-10-26  KST

arirang Head Menu

Arirang News

Korea's household loans reach record high in April

Updated: 2014-06-11 06:11:18 KST
  • facebook  
  • twitter  
  • googleplus  
  • National print

Korea's mounting household debt is threatening to stunt the nation's economic recovery.
Household loans extended by local financial institutions hit a record high for the third straight month in April.
The Bank of Korea said Tuesday that the figure stood at around 680 billion U.S. dollars as of the end of the month, up nearly 5 billion dollars from March.
The central bank says the rise stems from strong home transactions, which topped 92-thousand in April, an increase of 3-thousand from a month earlier.

Reporter :


Send Message Send
fatboyme (USA) 2014-06-10    

Good news.