Household Loans at Five Major Banks Fall for First Time in Six Months

According to The Korea Herald, household loans at five major South Korean banks fell for the first time in six months in September as lenders continued to tightly manage rapid borrowing. Outstanding household loans at KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NH NongHyup Bank totaled 781.39 trillion won ($580.49 billion) as of Thursday, down 727.6 billion won from the end of August. It was the first monthly decline since March.