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Finance

Household loans jump 9.3 trillion won in a month as regulators trigger emergency management

Household loans across South Korea’s financial sector rose 9.3 trillion won in May, sharply above April’s increase and a year earlier. Mortgage lending growth slowed, but other loans, including credit loans, swung to an increase and drove the overall rise. Regulators held a debt monitoring meeting and plan weekly checks on firms that miss management targets. Banks will pursue voluntary measures such as cutting new credit loan limits for high earners.

Crypto

Coinbase, Better to roll out bitcoin and USDC-backed mortgages across the United States

Coinbase and Better Home & Finance have introduced a mortgage product that combines a conventional home loan with a separate crypto-backed loan to fund a down payment. The companies said a couple in Ann Arbor, Michigan, has completed the first loan and they plan to launch the product across the United States in summer 2026. Initial eligible collateral is limited to bitcoin and USDC, with plans to expand supported digital assets.

Finance

Credit loans post biggest rise in about five years as rate hikes add to borrowers\' burden

South Korean credit loans rose by the most in about five years in May, led by increases in overdraft-style minus-account borrowing, as higher lending rates raise concerns over the interest burden for borrowers investing with debt. Market expectations of a policy rate hike have grown after Bank of Korea Governor Shin Hyun-song publicly cited the need to raise rates at an appropriate time. Bank bond yields that influence loan pricing have climbed, pushing credit loan rates above 6 percent.