The outstanding balance of household loans in all financial sectors rose KRW3.6 trillion from the previous month in May 2020 (up 5.2% year-on-year).

By type, mortgage loans increased KRW3.7 trillion in May (up KRW1.9 trillion year-on-year). Regular mortgage loans, jeonse loans and group lending expanded KRW3.9 trillion in the banking sector, while non-banks saw a drop of KRW200 billion. Other types of loans fell KRW30 billion (down KRW4.0 trillion year-on-year) due to a drop in credit card loans and policy loans.

The government will continue to closely monitor trends in household loans amid the COVID-19 pandemic.

* Please refer to the attached PDF for details.