Household debt growth slows
Household debt growth in South Korea slowed from a month earlier last month, central bank data showed Friday.
This came amid government efforts to curb real estate speculation that included tougher regulations on fresh loans.
Fresh loans extended by banks to local household came to 4.8 trillion won ($4.03 billion) in the month.
This is a slower gain from a 7.4 trillion-won gain the month before, according to the data from the Bank of Korea (BOK).
The reading also marks a slowdown from a 5.1 trillion-won increase in the same month last year.
The value of home-backed loans gained 4 trillion won last month, compared with 4.6 trillion won in August.