Card Loan Use Tops 28 Trillion Won in H1, Up 21%

Card loan advertisements posted in Seoul Credit card loan use reached 28 trillion won, or approximately $20.28 billion, in the first half of this year, surging nearly 21% from a year earlier as tighter bank lending standards drove more borrowers to turn to card loans for stock investments and living expenses. According to the Financial Supervisory Service's report on the operating performance of…