{
  "id": 1163899,
  "title": "Household credit surely to have topped $1.41 tril. mark for 1st time",
  "url": "https://urgent.news/2026/08/16/household-credit-surely-to-have-topped-1-41-tril-mark-for-1st-time-1163899",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-16T01:27:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20260816/household-credit-surely-to-have-topped-141-tril-mark-for-1st-time"
  },
  "original_language": "en",
  "account": "Korea's household credit is on track to surpass the $1.41 trillion mark for the first time in the second quarter, according to industry sources. The surge in credit is attributed to a surge in home-backed loans and stock loans, with household credit reaching an all-time high of 1,993 trillion won by the end of March, up 14 trillion won from the previous year. This represents the seventh consecutive quarterly increase in household credit, although growth has slowed for the second quarter in a row. Household credit encompasses credit purchases and loans extended to households by financial institutions. However, outstanding household loans by all financial institutions are estimated to have increased by at least 21 trillion won during the second quarter, indicating that household credit has likely exceeded the 2,000 trillion-won threshold. The government has introduced measures to cool the overheated housing market and curb household debt, yet demand for homes remains strong, and stock loans have been on the rise due to a bullish stock market. Despite these efforts, household credit is projected to surpass the 2,000 trillion-won threshold during the full year.",
  "summary": "Household credit in Korea is surely to have topped the 2,000 trillion-won ($1.41 trillion) landmark in the second quarter, driven by increased home-backed loans and stock loans, according to industry sources Sunday. According to the sources, household credit reached an all-time high of 1,993 trillion won at the end of March, up 14 trillion won from the end of last year, which represents the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Household credit surely to have topped 2,000 tln-won mark for 1st time",
        "url": "https://urgent.news/2026/08/16/household-credit-surely-to-have-topped-2-000-tln-won-mark-for-1st-time",
        "published": "2026-08-16T00:58:00.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Household credit surely to have topped $1.41 tril. mark for 1st time",
        "url": "https://urgent.news/2026/08/16/household-credit-surely-to-have-topped-1-41-tril-mark-for-1st-time",
        "published": "2026-08-16T01:22:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}