Loans to working capital fell but rose for facilities investment.

South Korea’s depository corporations increased their industrial lending by $2.27b (KRW3.3t) in the fourth quarter of 2024, according to data from the Bank of Korea (BOK).

Lending for working capital decreased by $2.34b (KRW3.4t), whilst loans for facilities investment rose by $4.61b (KRW6.7t).

Loans extended by depository banks grew by $1.17b (KRW1.7t), and those by non-bank depository institutions by nearly $1.1b (KRW1.6t).

Lending to the manufacturing sector decreased by nearly $1.1b (KRW1.6t) during the quarter.

Lending to the services sector rose by $2.68b (KRW3.9t).