Overdraft credit loans hit 3-yr high amid stock market rally: data
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Individuals' overdraft credit loans at major commercial banks have climbed to their highest level in more than three years as investors seek funds for stock investments amid a bullish market, data showed Sunday. The balance of personal overdraft loans, so-called "minus accounts," at Korea's five major banks — KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup — stood at 40.5 trillion won ($27.64 billion) as of Thursday. Based on month-end figures, it marks the largest balance since January 2023, w
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