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S.Korea’s household loans reduce on sluggish property market

Posted on 14 February 2013

Household loans in South Korea reduced for the first time in four months as the end of temporary tax benefits pulled down housing transactions, central bank data showed Wednesday.
Outstanding household loans extended by banks were 463.1 trillion won (426 billion U.S. dollars) as of the end of January, down 3.5 trillion won from a month earlier, according to the Bank of Korea (BOK). The figure fell after rising for three months through December last year………………………………………..Full Article: Source


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