{
  "id": 17758173,
  "title": "Household loans again rise in Oct. despite tightened rules, higher rates",
  "url": "https://urgent.news/2026/11/02/household-loans-again-rise-in-oct-despite-tightened-rules-higher-rates-17758173",
  "topic": "world",
  "section": "World",
  "published": "2026-11-02T06:52:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261102/household-loans-again-rise-in-oct-despite-tightened-rules-higher-rates"
  },
  "original_language": "en",
  "account": "Household loans issued by major banks rose in October despite stricter borrowing rules and higher interest rates, according to data released on Monday. The total outstanding household loans at the five largest lenders, KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH Nonghyup Bank, amounted to 783.6 trillion won ($584 billion) by the end of October, marking a 2.77 trillion won increase from September, as reported by the banks themselves. This rebound followed a decline in household loans for the first time in six months, which had occurred just a month prior. The surge in bank-funded household loans was primarily driven by an uptick in both mortgage and credit loans. Mortgage loans alone climbed for the seventh straight month in October, reaching 623.99 trillion won at the end of the month - a 1.7 trillion won increase compared to the previous month, according to the data. Credit loans also grew by 669 billion won, reaching 108.89 trillion won over the same period, following a 1.34 trillion won drop in the prior month. Despite these developments, the Bank of Korea (BOK) maintained its benchmark interest rate at 3 percent for the month of October, having held off on two consecutive interest rate hikes to allow sufficient time for assessing the current economic conditions.",
  "summary": "Household loans by major banks again rebounded in October from a month earlier despite tight borrowing regulations and higher rates, data showed Monday. Outstanding household loans at five major lenders — KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NH Nonghyup Bank — stood at 783.6 trillion won ($584 billion) as of end-October, up 2.77 trillion won from the previous month, according…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Household loans again rise in Oct. despite tightened rules, higher rates",
        "url": "https://urgent.news/2026/11/02/household-loans-again-rise-in-oct-despite-tightened-rules-higher-rates",
        "published": "2026-11-02T06:02:14.000Z"
      }
    ]
  },
  "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."
}