{
  "id": 17905274,
  "title": "Korea's Household Loans Rebound by 2.8 Trillion Won in October",
  "url": "https://urgent.news/2026/11/03/koreas-household-loans-rebound-by-2-8-trillion-won-in-october",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T04:12:51.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=280313"
  },
  "original_language": "en",
  "account": null,
  "summary": "South Korea's household loan balance rebounded by 2.77 trillion won in October, reaching 783.6 trillion won, or approximately $585 billion. This increase was driven by simultaneous growth in mortgage and credit loans, with mortgage loan balances rising by 1.70 trillion won to 623.1 trillion won. The rebound in household loans came after a decline in September, and marks the first increase since August 2022. The rise in mortgage loans is attributed to rising home prices, particularly in the Seoul metropolitan area, and seasonal demand associated with the fall moving season. Credit loans also returned to growth, reaching 108.9 trillion won at the end of October. However, interest rates on new household loans remain high, with the average rate on newly issued mortgage loans standing at 4.88% per year, the highest in 14 years.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}