S. Korea's household credit falls in Q1

SEOUL, May 21 (Xinhua) -- South Korea's household credit in the first quarter of 2024 marked the first fall in four quarters on the back of high interest rates and economic slowdown, central bank data showed Tuesday.

Household credit, which refers to debts owed by households to banks and other lenders in addition to the purchase on credit, amounted to 1,882.8 trillion won (1.38 trillion U.S. dollars) at the end