private lenders-loan tally

Loans from private money lenders gain in 2nd half

SEOUL, June 28 (Yonhap) -- Loans extended by private money lenders in South Korea increased in the second half of last year from the previous six months, data showed Sunday.

As of end-December, outstanding loans from private money lenders stood at 13.14 trillion won (US$8.56 billion), up 685 billion won, or 5.5 percent, from 12.5 trillion won tallied six months earlier, according to the data from the Financial Supervisory Service (FSS).

The number of people who borrowed money from private lenders also rose 2 percent to some 731,000 from about 717,000 over the cited period.

Meanwhile, the financial watchdog said the number of registered private money lenders came to 7,696 at end-December, down 507 tallied six months before.

(END)

[ⓒ K-VIBE. 무단전재-재배포 금지]