Household loan growth accelerates to 5 trillion won in October

Household loans reached 1,203.9 trillion won at end-October.

Mortgage lending grew by 3.3 trillion won, versus 2.9 trillion won in September, supported by group loans for intermediate payments and moving expenses.

Leasehold deposit loans fell by 0.8 trillion won.

Other loans rose by 1.7 trillion won after September's 2.3 trillion won decline, reflecting seasonal base effects and individuals' stock purchases.

Corporate loans reached 1,451.8 trillion won.

Lending to smaller firms rose by 6.2 trillion won, supported by banks' lending stance and October 26 tax payments; large-company loans increased by 4.0 trillion won, partly for bond redemptions.

Corporate bonds recorded net redemptions of 1.7 trillion won, while stock issuance reached 1.6 trillion won.

Three-year Treasury yields fell from 4.01 percent in September to 3.72 percent in October; ten-year yields declined from 4.41 to 4.01 percent.

The BOK cited safe-haven demand, lower overseas yields and reduced issuance.

The KOSPI fell from 6,838 to 5,731 amid AI investment, semiconductor competition and US data-center regulation concerns.

Short-term funding costs rose: 91-day CD yields reached 3.32 percent and commercial paper yields 3.84 percent, reflecting Base Rate expectations and greater bank funding needs.