Borrowing to buy stocks becoming a pipe dream? Korean media reveals: 5 major commercial banks have already used up 85% of this year's household loan quota

Odaily Planet Daily News According to data disclosed by the Korean financial industry on July 12, as of the end of June, the total household loan balance (excluding policy loans) of the five major commercial banks—KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH Nonghyup Bank—stood at 647.58 trillion won, an increase of 3.70 trillion won from the end of last year. Earlier this year, South Korea's financial regulatory authorities set a total household loan management target for financial institutions, capping the annual growth rate at 1.5%, lower than last year's actual growth rate of 1.7%, aiming to curb the excessive expansion of household debt.

Calculated according to this target, the total upper limit for new household loans that the five major banks can provide throughout the year is approximately 4.34 trillion won. Broken down by bank: KB Kookmin Bank 909.2 billion won, Shinhan Bank 850 billion won, Hana Bank 880.5 billion won, Woori Bank 826.6 billion won, and NH Nonghyup Bank 870 billion won. However, the actual increase in the first half of the year alone, at 3.70 trillion won, already accounts for 85.3% of the annual cap. The remaining quota for the entire year is only about 639.5 billion won, spread across the six months of the second half, leaving very limited room for maneuver. (Wall Street CN)