(Bloomberg) -- South Korea's household debt growth
slowed in May as mortgage lending declined by the most since
records began almost seven years ago.
Bank lending to households advanced 184 billion won ($198
million) from April, when it gained 1.4 trillion won, the Bank
of Korea said in Seoul today. Mortgage lending fell 1.2 trillion
won in May, the biggest monthly drop since the central bank
began compiling the figures in December 2000.
Read more at Bloomberg Emerging Markets News
slowed in May as mortgage lending declined by the most since
records began almost seven years ago.
Bank lending to households advanced 184 billion won ($198
million) from April, when it gained 1.4 trillion won, the Bank
of Korea said in Seoul today. Mortgage lending fell 1.2 trillion
won in May, the biggest monthly drop since the central bank
began compiling the figures in December 2000.
Read more at Bloomberg Emerging Markets News
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