Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
3
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
South Korean military plans to launch new division for future warfare
-
7
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
8
Teen smoking, drinking decline, while mental health, dietary habits worsen
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
North Korean leader ‘convinced’ dialogue won’t change US hostility
South Korea's household debt jumped 11 percent from a year earlier in the second quarter despite stricter lending rules, its central bank said Thursday.
The country's overall household debt climbed to 1,257.3 trillion won ($1.122 billion) in the April-June period from 1,131.5 trillion won from the same period last year, according to preliminary data from the Bank of Korea.
Quarter-on-quarter, household debt, which includes credit-card spending, rose 2.7 percent, it said.
Lower rates have pushed up the country's household loans in recent years. The country's key policy rate stands at an all-time low of 1.25 percent.
The government has toughened lending rules for loans as part of its pre-emptive efforts to contain ballooning household debt, which economists fear could dampen consumer spending amid slumping exports. (Yonhap)
