“According to reports, the increase in loans by deposit-taking institutions across industries has declined for two consecutive quarters.
The Bank of Korea announced that the balance of industry-specific loans from deposit-taking institutions in the third quarter increased by 17.4 trillion won, or 0.9%, to 1,958.9 trillion won compared to the previous quarter.
In the second quarter, the increase was 25 trillion won.
By industry, the loan growth in manufacturing rose from 6.8 trillion won in the second quarter to 8.8 trillion won in the third quarter, driven mainly by demand for working capital in sectors like chemicals and medical products, which had poor business performance.
In contrast, the growth rate in the service sector decreased from 13.5 trillion won to 7.5 trillion won. The Bank of Korea explained that this was due to a reduction in demand for loans from financial companies as the issuance of financial bonds had improved.
By purpose, the growth of working capital loans decreased from 7.9 trillion won in the second quarter to 3.1 trillion won in the third quarter, and facility capital loans also decreased from 17 trillion won to 14.3 trillion won.”
“Your tip becomes news. SBS Biz is awaiting your tips. Website = https://url.kr/9pghjn”