Lifestyle
South Korea’s Household Loans Finally Fall After 6 Months — But the Debt Problem Isn’t Over Yet
South Korea’s major banks have recorded their first monthly decline in household loans in six months, signaling that tighter lending controls are beginning to put the brakes on borrowing even as demand for mortgages remains strong. The combined household-loan balance at the country’s five largest commercial banks — KB Kookmin, Shinhan, Hana, Woori and NH NongHyup — stood at 781.39 trillion won ($580.49 billion) as of Sept. 3, down 727.6 billion won from the end of August, according to data comp
