SEOUL, Nov. 11 (Xinhua) -- South Korea's bank household loan growth accelerated in October due to strong demand for both mortgage and other loans, central bank data showed Wednesday.
Debt owed by households to deposit-taking banks totaled 1,203.9 trillion won (902.2 billion U.S. dollars) at the end of October, up 5.0 trillion won from a month earlier, according to the Bank of Korea (BOK).
It marked a significant acceleration from the 0.5 trillion won increase in the previous month, surpassing 1,200 trillion won for the first time.
Home-backed mortgages advanced 3.3 trillion won to 958.7 trillion won in October, faster than an expansion of 2.9 trillion won in September.
The number of newly-built apartment move-ins across the country rose from 13,000 in September to 19,000 in October.
Other loans, including unsecured credit loans, credit lines and commercial real estate-backed loans, gained 1.7 trillion won to 244.3 trillion won last month, rebounding from a decrease of 2.3 trillion won in the prior month.
Corporate loans, extended by the deposit-taking banks, reached 1,451.8 trillion won at the end of October, up 10.2 trillion won from a month earlier. ■