According to industry data reported by The Korea Times, as South Korea's KOSPI index continues to break records, a growing number of retail investors appear to be borrowing money to chase the market's rapid rally.
As of last Thursday, the total outstanding personal loan balance at South Korea's five major banks reached 106.99 trillion won (approximately $70.98 billion). This is the highest level since November 2023, when it stood at 107.72 trillion won. The increase was primarily driven by overdraft credit lines—locally known as "negative accounts"—which allow customers to borrow within a pre-approved limit.
As of last Thursday, the outstanding balance of such credit facilities had reached 41.93 trillion won; this figure reflects actual funds that have been withdrawn and used, rather than the total credit limit available to borrowers. (Jinshi)