Loans to S.Korean real estate developers post biggest growth in Q2
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SEOUL, Aug. 24 (Xinhua) -- Debts owed by South Korean real estate developers to financial institutions posted the biggest quarterly growth in the second quarter of this year, indicating the booming investment into the property market, central bank data showed Thursday.
Loans extended by deposit-taking institutions to industrial companies came in at 1,016 trillion won (0.9 trillion U.S. dollars) as of end-June, up 14.3 trillion won from three months earlier, according to the Bank of Korea (BOK).
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Source : Loans to S.Korean real estate developers post biggest growth in Q2