{
  "id": 17762016,
  "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-17762016",
  "topic": "world",
  "section": "World",
  "published": "2026-11-02T07:27:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20261102/household-loans-again-rise-in-oct-despite-tightened-rules-higher-rates"
  },
  "original_language": "en",
  "account": "In October, household loans issued by major banks in South Korea continued to rise, 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 - reached 783.6 trillion won ($584 billion) by the end of October, a 2.77 trillion won increase from the previous month, as reported by the banks themselves.\n\nThe surge in household loans came after a month-long decline, marking the first drop in six months. The increase in loans was primarily driven by both mortgage and credit loans. Mortgage loans alone saw a 1.7 trillion won rise, totaling 623.99 trillion won at the end of October, marking the seventh consecutive monthly increase. Credit loans also rose, with an additional 669 billion won, bringing the total to 108.89 trillion won over the same period, following a 1.34 trillion won fall in the previous month.\n\nThe Bank of Korea (BOK) maintained its key interest rate at 3 percent in October, keeping it steady after two consecutive hikes. This move gave the central bank additional time to evaluate the current economic conditions before making any further adjustments.",
  "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."
}