[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Yisack Park staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.
The growth of South Korea's household loans picked up in April despite government-led measures to tighten home-backed lending to cool the overheated real estate market.
According to the Bank of Korea on Monday, total household debt rose by seven-point-three trillion won in April, compared to the five trillion won rise recorded in March.
Outstanding household loans amounted to 781-point-five trillion won as of the end of April, up five-point-one trillion won frm a month earlier.
Kamaindia Pvt. Ltd.
Have a nice day.