South Korea’s household loans rise in Feb on higher mortgage demand

Home mortgage loans expanded at a faster pace than in January.

The outstanding balance of household loans in South Korea rose by KRW4.3t in February 2025, according to data from the Financial Services Commission.

Home mortgage loans rose by KRW5t, growing at a faster pace than in January.

Mortgage loans expanded by KRW3.5t in February.

Other types of loans dropped KRW0.6t, a slower rate of decline than in January.

Household loans in the banking sector rose KRW3.3t, with policy-based loans growing at a faster rate.

Banks’ own mortgage loans edged up to a KRW0.6t growth from January’s decline.