Mortgage loan originations in South Korea in 2023, by DTI ratio

Published by
H. Yoo,
Jul 5, 2024

As of July 2024, about 9.5 trillion South Korean won worth of bogeumjari loans (mortgage loans) were recorded being lent to individuals with debt-to-income (DTI) ratios of 20 to 30 percent in 2023. Another 7.3 trillion won worth of loans were sold to individuals with DTI ratios of 30 to 40 percent.

Mortgage loan originations in South Korea in 2023 recorded as of July 2024, by debt-to-income ratio (in billion South Korean won)

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Release date

July 2024

Region

South Korea

Survey time period

2023

Special properties

based on Bogeumjari loans

Supplementary notes

Bogeumjari loans are fixed-rate mortgage loans designed to help mainly lower-income people or first-time prospective homeowners purchase homes.

DTI stands for debt to income and compares one's income to one's debt on a monthly basis.

1,000 South Korean won equals 0.72 U.S. dollars or 0.67 euro as of July 2024. 

Release date is the date of access. 

Figures have been rounded.

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