Driven by a sharp increase in housing-related loans and credit loans used for leveraged stock trading, the scale of household credit in Korea surpassed 2000 trillion won for the first time. Household credit in Korea mainly consists of two parts: loans issued by financial institutions and credit card purchases. Household credit data for the second quarter released by the Bank of Korea on the 19th local time showed that household credit for the quarter was 2019.8 trillion won, an increase of 25.9 trillion won over the previous quarter. This is the first time in history that this figure has broken through the 2000 trillion won mark, and the second-quarter increase was the biggest quarterly increase since the third quarter of 2021.

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