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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KOSIS. (May 24, 2022). Total value of household loans in South Korea from 2010 to 2021 (in trillion South Korean won) [Graph]. In Statista. Retrieved September 25, 2023, from https://www.statista.com/statistics/1119897/south-korea-total-household-loans/
KOSIS. "Total value of household loans in South Korea from 2010 to 2021 (in trillion South Korean won)." Chart. May 24, 2022. Statista. Accessed September 25, 2023. https://www.statista.com/statistics/1119897/south-korea-total-household-loans/
KOSIS. (2022). Total value of household loans in South Korea from 2010 to 2021 (in trillion South Korean won). Statista. Statista Inc.. Accessed: September 25, 2023. https://www.statista.com/statistics/1119897/south-korea-total-household-loans/
KOSIS. "Total Value of Household Loans in South Korea from 2010 to 2021 (in Trillion South Korean Won)." Statista, Statista Inc., 24 May 2022, https://www.statista.com/statistics/1119897/south-korea-total-household-loans/
KOSIS, Total value of household loans in South Korea from 2010 to 2021 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1119897/south-korea-total-household-loans/ (last visited September 25, 2023)
Total value of household loans in South Korea from 2010 to 2021 (in trillion South Korean won) [Graph], KOSIS, May 24, 2022. [Online]. Available: https://www.statista.com/statistics/1119897/south-korea-total-household-loans/