Regulatory Alerts2025-02-12 | 83994Household Loans, January 2025
The Financial Services Commission reported that total household loans declined by KRW0.9 trillion in January 2025, marking the first drop in ten months due to seasonal factors and economic uncertainties. While home mortgage loans increased by KRW3.3 trillion driven by faster growth in the banking sector, other loan types fell by KRW4.2 trillion with significant declines in nonbanking sectors. Authorities remain vigilant regarding steady policy loan growth and potential February increases linked to the new school year, while also monitoring regional housing supply outside the Seoul metropolitan area.
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