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WorldPosted at: Feb 21 2017 8:53AM


S.Korea end-Q4 household credit grows most in over a decade

SEOUL, Feb 21 (Reuters) South Korea's household credit grew at its fastest pace in over a decade in the fourth quarter of 2016 as borrowers continued to take advantage of record-low interest rates, central bank data showed on Tuesday.
Household debt, including loans and other debt owed by South Korean households, soared 11.7 percent in the October to December period from a year earlier, to 1,344.3 trillion won (
1.17 trillion), up from a revised 11.3 percent growth in the third quarter, preliminary data from the Bank of Korea showed.
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