Photo : YONHAP News
The quantity of mortgage debt held by wage staff grew at a report tempo in 2024, pushing up the common mortgage stability for a second consecutive yr.
Data launched by the Ministry of Data and Statistics on Tuesday confirmed the common quantity of loans given to paid staff stood at 52-point-75 million gained, or about 35-thousand U.S. {dollars}, as of the top of December 2024, up two-point-four p.c from a yr earlier, marking a second straight annual improve.
While credit score loans fell two-point-four p.c throughout the interval, mortgage loans jumped eleven-point-one p.c, main the general improve.
The progress charge of mortgage lending was the best for the reason that nation began compiling associated knowledge in 2017.
The ministry stated the rise seemed to be partly pushed by the launch of particular mortgage applications for households with newborns in January 2024.
By age group, folks in their 40s held the most important common debt at 81-point-86 million gained, up five-point-one p.c from a yr earlier, whereas these aged 29 and youthful noticed their common loans fall by one-point-eight p.c.
