South Korea: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 3407758.8 billion South Korean Won as of March 2025, a decline compared to the previous value of 3409406.1 billion South Korean Won. Historically, the average for South Korea from December 2001 to March 2025 is 1776796.96 billion South Korean Won. The minimum of 567030.3 billion South Korean Won was recorded in December 2001, while the maximum of 3409406.1 billion South Korean Won was reached in February 2025.
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* indicates monthly or quarterly data series
- Measure: billion South Korean Won
- Source: Korean Economic Statistics System
| Recent values | South Korea: Private sector credit, billion currency units |
|---|---|
| 2025 Mar | 3407758.8 |
| 2025 Feb | 3409406.1 |
| 2025 Jan | 3396694.2 |
| 2024 Dec | 3376941.6 |
| 2024 Nov | 3392312.5 |
| 2024 Oct | 3377516.3 |
| 2024 Sep | 3356371.1 |
| 2024 Aug | 3347381.3 |
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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 2.3 | 2024 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 1,315.7894 | 6/2025 | Local Currency Units per USD |
| Money supply (broad money) | 4,228,250.50 | 3/2025 | billion |
| Consumer Price Index (CPI) | 116.3100 | 6/2025 | index points |
| Inflation, monthly | 0.03 | 6/2025 | percent |
| Inflation, annual | 2.17 | 6/2025 | percent |
| Private sector credit | 3,407,758.80 | 3/2025 | billion |
| Business credit | 2,052,856.90 | 3/2025 | billion |
| Household credit | 1,354,901.90 | 3/2025 | billion |
| Mortgage credit | 739,367.30 | 3/2025 | billion |
| Consumer credit | 615,534.60 | 3/2025 | billion |
| Deposit interest rate | 2.72 | 4/2025 | percent |
| Business credit interest rate | 4.14 | 4/2025 | percent |
| Mortgage credit interest rate | 3.98 | 4/2025 | percent |
| Policy rate | 2.50 | 5/2025 | percent |
| Household debt to GDP | 90.10 | 12/2024 | percent |
| Debt service ratios for private non-financial sector | 20.10 | Q4/2024 | percent |