Reported about 7 hours ago
South Korea saw its household loans decrease for the first time in nine months, dropping by 400 billion won ($274 million) to 1,141 trillion won in December. This reduction indicates a cooling housing market and eases concerns for the Bank of Korea regarding financial imbalances. The central bank, after a series of interest rate cuts, may consider another reduction amidst political challenges and rising unemployment.
Source: YAHOO