Apartment complexes are seen from Lotte World Tower in Seoul, April 19. Yonhap
Household loans by major banks last month increased the most since October on a rise in mortgage loans, financial data showed Monday.
Outstanding household loans from the country's five major banks — KB Kookmin, Woori, Hana, Shinhan and NH Nonghyup — stood at 765.73 trillion won ($520 billion) at end-April, up 1.57 trillion won from the previous month.
The April gain marks the sharpest rise since October, when such loans increased 2.53 trillion won.
Household loans had declined slightly in March after rising in February, and had fallen for two consecutive months in January and December.
Mortgage loans by banks came in at 612.24 trillion won last month, rising 1.91 trillion won from a month earlier, which marks the largest rise since the 3.7 trillion-won gain posted in August 2025, the data showed.
Such loans fell 387 billion won in March after rising 597 billion won in February as the government has been implementing a series of measures to cool the overheated housing market and curb household debt.
Under a comprehensive policy package announced in October, the government designated 21 additional districts in Seoul as speculative zones, bringing all 25 districts in the capital under stricter regulatory oversight.
It also tightened lending rules, lowering the cap on mortgage loans to as little as 200 million won, down from the 600 million-won limit set in June.
Source: Korea Times News
