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2024

S. Korea's household credit rebounds in Q2

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SEOUL, Aug. 20 (Xinhua) -- South Korea's household credit rebounded in the second quarter due to strong demand for mortgage loan, central bank data showed Tuesday.

Household credit, which refers to debts owed by households to banks and other lenders in addition to the purchase on credit, stood at 1,896.2 trillion won (1.42 trillion U.S. dollars) at the end of June, up 13.8 trillion won (10.4 billion dollars) fro