Korea's household loan growth hits 4-month low

Household loans among South Korean banks grew at the slowest pace in four months in July as the growth of mortgage lending eased.

According to South Korea's central bank, household loans among local banks, including home-backed and credit loans, amounted to 457.8 trillion won or US$405.9 billion as of the end of July, up 695.3 billion won from the previous month.

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