1845 Articles of Household Debt… Growth slowed for the first time in seven quarters

As of the third quarter of this year, the size of household debt soared to 1844.9 trillion won, a record high. However, the growth rate slowed slightly for the first time in seven quarters. The increase in the base rate and the tightening of lending regulations seem to have a gradual effect on the increase in household debt. The Bank of Korea announced on the 23rd that the balance of household credit (household debt, household loan + sales credit) at the end of the third quarter of this year was

Reference-www.hani.co.kr

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