Korean Households Increase Borrowing at Slowest Pace Since March

South Korea saw a slowdown in household borrowing in September, marking the weakest growth in six months. This trend is attributed to a dip in mortgage lending and a significant drop in other forms of household loans. The deceleration in borrowing comes just before the central bank's upcoming policy decision, suggesting a cautious approach by households and lenders alike. This situation underscores broader economic concerns and could impact consumer spending and overall economic growth.