Total household loans South Korea 2010-2021

Published by L. Yoon, May 16, 2023
The total value of household loans in South Korea stood at around 1,754 trillion South Korean won in 2021. Both household debt and loans have doubled during the last 10 years. In particular, the increase in household loans in early 2020 was extremely high, due to the large increase in mortgage loans for housing investment ahead of the government's real estate regulations.

Total value of household loans in South Korea from 2010 to 2021 (in trillion South Korean won)

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Release date

May 2022

Region

South Korea

Survey time period

2010 to 2021

Supplementary notes

Note: 1,000 South Korean won equal 0.80 U.S. dollars and 0.75 euros as of June 2022.
Values have been rounded.

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