this cant end well............from yonhap news.......
"South Korea's major banks said Thursday that they temporarily suspended the extension of fresh household loans in a bid to join the regulator's efforts to curb excessive growth of household debt.
Local banks, including Shinhan and Hana, said they have begun to halt extending fresh home loans, including mortgage lending and some types of credit loans, and will do so until the end of August.
The move came as local banks' household loan growth is not showing signs of easing despite the government's move to stem snowballing household debt"..........READ MORE
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