Household loans increased by 41.6 trillion last year..."Because of the increase in housing transactions"

Household loans from all financial sectors increased by 41.6 trillion won last year, up 31.5 trillion won from 10.1 trillion won a year ago.

According to the Financial Services Commission, the Financial Supervisory Service and the Bank of Korea, household loans increased significantly from a year earlier due to a fall in lending rates and increased housing transactions centered on the Seoul metropolitan area last year.

However, since September, the growth has slowed due to the implementation of the second-stage stress DSR, which is a high-intensity loan restraint measure, and the financial sector's autonomous management efforts, and household debt growth in December last year was 2 trillion won, down 3 trillion won from November.

Looking specifically at the increase in household loans last year, mortgage loans increased by 57.1 trillion won, while other loans decreased by 15.5 trillion won.