Household loans again rise in Oct. to record high despite tightened rules, higher rates

What happened: Bank household loans in South Korea rebounded in October from a month earlier despite tight borrowing rules and higher rates, according to Bank of Korea data. Key numbers: Outstanding household loans reached a record 1,203.9 trillion won at end-October, up 5 trillion won on month. Mortgage loans rose 2.9 trillion won to 958.7 trillion won, a seventh straight monthly gain. Why it matters: The rebound came a month after such loans fell for the first time in six months, with the rise attributed mainly to increases in both mortgage and credit loans.

Bank household loans in South Korea rebounded in October from a month earlier despite tight borrowing rules and higher rates, according to Bank of Korea data.

The rebound came a month after such loans fell for the first time in six months, with the rise attributed mainly to increases in both mortgage and credit loans.