South Korea's outstanding household loans hit record high

01/9/2013 | (South Korea) · Korea Herald (Seoul), The

Although South Korea's rate of increase in household lending declined for the 15th straight month in November, the total outstanding balance of household loans extended by depository institutions reached a record US$611.50 billion, the Bank of Korea reported. Separately, Statistics Korea reported slower employment growth for December, with the 277,000 jobs created down from 353,000 the month before.

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