S. Korea's total household credit rises 5.8% on-year in Q4 of 2018
- 5 years ago
South Korea's total household credit, which includes household loans and credit card debt, increased at a slower pace in the fourth quarter of last year.
According to the Bank of Korea on Friday, total household debt in the October-to-December period was around one-point-three-six trillion U.S. dollars.
It's an increase of 5-point-8 percent on year...but the pace of growth has now decreased for eight consecutive quarters.
The central bank attributed the slower growth to government policies aimed at easing the household debt problem,...such as the introduction of stricter rules on loan screening.
According to the Bank of Korea on Friday, total household debt in the October-to-December period was around one-point-three-six trillion U.S. dollars.
It's an increase of 5-point-8 percent on year...but the pace of growth has now decreased for eight consecutive quarters.
The central bank attributed the slower growth to government policies aimed at easing the household debt problem,...such as the introduction of stricter rules on loan screening.