Total household loans South Korea 2012-2022

Published by L. Yoon, Jul 1, 2024
In 2022, the total value of household loans in South Korea stood at around 1,749.8 trillion South Korean won. Both household debt and loans have doubled during the last 10 years. In particular, the increase in household loans in early 2020 was extremely high, due to the large increase in mortgage loans for housing investment ahead of the government's real estate regulations.

Total value of household loans in South Korea from 2012 to 2022 (in trillion South Korean won)

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Release date

November 2023

Region

South Korea

Survey time period

2012 to 2022

Supplementary notes

Figures have been rounded.

1,000 South Korean won equals 0.74 U.S. dollars or 0.70 euro as of November 2023.

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