A street in South Korea. Photo by Markus Winkler via Unsplash.

Bank lending to Korean households rose slower in December 

Home mortgage lending continued to expand, but other loans contracted.

Bank lending extended to South Korea’s household sector grew by a smaller margin in December, according to data from the Bank of Korea (BOK).

Bank lending to households– including loans assigned to the Korea Housing Finance Corporation– rose by KRW3.1t in December 2023, lower than the KRW5.4t extended in November 2023. This is much higher than the KRW0.3t rise in household loans for December 2022.

The rise was buoyed by home mortgage lending expanding during the month, but was dragged down by other types of consumer loans contracting.

ALSO READ: South Korean banks’ bad loans ratio up in October

Home mortgage lending grew by KRW5.2t during the month, slightly lower than the KRW5.7t in November. BOK blamed this to the fall in housing sale transactions.

Leasehold deposit loans grew by a meager KRW0.1t in December, from having close to zero changes in November.

Other loans contracted by KRW2t during the month, much higher than the KRW0.4t contraction in November, although BOK noted that the larger decrease was simply due to “seasonal factors.” 

Follow the link for more news on

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.