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KOREAN HOUSEHOLD LOANS INCREASE US$9.43 BLN IN 1ST HALF.

AsiaPulse News

| August 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Aug 1 Asia Pulse - Household loans, excluding cash service and credit card loans, disbursed by banks around the country increased 12.27 trillion won (US$9.43 billion) during the second quarter, the Bank of Korea said Wednesday.

Household loans increased 3.4 trillion won ($2.6 billion) in April, 4.6 trillion won in May and 4.2 trillion won in June.

The central bank said household loans extended during the first quarter, including cash service and credit card loans, came to 8.42 trillion won, bringing the total household loan increase to an excess of 21 trillion won ($16 billion) in the first half.

Household loans increased to over 260 trillion won ($200 billion) as of the end of June from 249.5 trillion won in the first ...

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Source: HighBeam Research, KOREAN HOUSEHOLD LOANS INCREASE US$9.43 BLN IN 1ST HALF.

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