▲ This file photo taken on April 26, 2026, shows apartment complexes in central Seoul. (Yonhap)

household loans-June tally

Banks' household loans up 7.6 tln won in June on stock buying, mortgages

SEOUL, July 9 (Yonhap) -- Household loans extended by banks rose 7.6 trillion won in June from a month earlier amid demand linked to stock investment and mortgages, data showed Thursday.

Outstanding household loans by banks came to 1,189.4 trillion won last month, accelerating from the previous month's 6.9 trillion-won rise, according to data by the Bank of Korea (BOK).

It marked the sharpest growth since a 9.2 trillion-won rise posted in August 2024.

Outstanding mortgage loans increased 4.3 trillion won on-month in June, reaching 945 trillion won.

Other household loans moved up 3.3 trillion won over the period to 243.5 trillion won.

"As the number of housing transactions in the greater Seoul area increased over April and May, along with demand to make interim payments for previously sold housing units, demand for mortgage loans increased sharply," a BOK official said.

The official noted other types of loans also increased as more individual investors participated in the stock market.

The official added mortgage loans are expected to continue to face upward pressure, considering property prices in Seoul and the surrounding Gyeonggi Province continue to show growth of more than 10 percent amid supply concerns.

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