Mortgage loans by non-bank depository institutions South Korea Q4 2020-Q1 2023

Published by
H. Yoo,
Feb 8, 2024
The value of mortgage loans provided by non-bank depository corporations in South Korea stood at approximately 108 trillion South Korean won in the first quarter of 2023. Figures rose quarterly from 2020 before seeing a slight decline in the fourth quarter of 2022.

Mortgage loan value by non-bank depository corporations in South Korea from 4th quarter 2020 to 1st quarter 2023 (in billion South Korean won)

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Release date

July 2023

Region

South Korea

Survey time period

Q4 2020 to Q1 2023

Special properties

non-bank depository corporations

Supplementary notes

Release date is the date of access.
General and special banks are referred to as banking financial institutions whereas non-bank depository institutions fall under the umbrella of non-bank financial institutions. Much like regular banks, non-bank financial institutions (e.g., mutual savings banks) can perform many tasks such as deposits, installment savings, and loans. Despite some having the word "bank" in their names, these non-bank depository institutions cannot perform certain traditional bank tasks, such as foreign exchange.

1,000 South Korean won equals 0.78 U.S. dollars or 0.71 euro as of August 2023.

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Topics

Mortgage industry in South KoreaConstruction in South KoreaReal estate in South KoreaDemographics of South KoreaHousing market in South Korea
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