Data released by the Bank of Korea on Tuesday showed the biggest month-on-month decline in history in the second quarter due to the government's regulatory policies to cool down the overheated property market. According to data from the Bank of Korea, the average amount of new mortgage loans added by borrowers during the April-June period was 208.29 million won, down 21.1 million won from the historical peak of 2293.9 million won three months ago. This is the biggest month-on-quarter decline since the Bank of Korea began counting this data in 2013.

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