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S. Korea's household credit in Q1 records US$ 1.3 tril., up 4.9% y/y: BOK Updated: 2019-05-22 12:59:01 KST

South Korean households' debt grew in the first quarter to one.three trillion U.S. dollars, but it was the slowest on-year rise in 14 years.
The Bank of Korea says from January through March, household debt, including mortgages and credit cards, grew around five percent on-year.
Household debt growth hit a record back in 2016 of 11.six percent, but for nine straight quarters it's been slowing down.
The BOK attributed that to the government's tighter lending regulations and a slowdown in housing transactions.
KOGL : Korea Open Government License
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