Household credit rises in Q3

Suh Jeong-seok, a senior official at the Bank of Korea (BOK), gives a briefing on the country's third-quarter household credit at the central bank in Seoul on Nov. 21, 2023. According to BOK data, South Korea's household credit soared to 1,875.6 trillion won (US$1.46 trillion) in the third quarter of the year as home-backed loans increased sharply amid high borrowing costs. (Yonhap)

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