At the end of the month, household loans reached 453 trillion won, up 1.34 trillion won for a month ago. People drew more mortgaged loans to cove the moving costs and borrowed money using personal overdraft accounts.
In order to take advantage of the good weather, many South Koreans move during spring and fall. Home-backed loans increased by a little more than 1 trillion won last month from March, compared with a 1.1 trillion won monthly gain reported in the previous month.
South Korean banks‘ corporate lending also rose in April from the previous month fueled by demand from large companies. According to the central bank, banks lending to large firms expanded by 6.56 trillion won to 132 trillion won, while smaller firms contracted by 241.4 billion won to 445.6 trillion.
아주경제 송지영 기자=
reporter
Park Sae-jin
swatchsjp@ajunews.com