S. Korean banks' household lending rises for 5th month in June

Alsharq Tribune-AFP 

South Korean banks' household lending rose for the fifth consecutive month due to strong demand for mortgage loan, central bank data showed Wednesday.

Debt owed by households to deposit-taking banks totaled 1,161.5 trillion won (844.9 billion U.S. dollars) at the end of June, up 6.2 trillion won from a month earlier, according to the Bank of Korea (BOK).

It continued to expand since February as higher housing transactions boosted demand for home-backed loan.