Household debt in South Korea has hit another all-time high.
 
The Bank of Korea said Thursday that the nation’s household debt jumped 33-point-six trillion won to top one-point-25 quadrillion won in the second quarter of this year, compared to the previous quarter.
 
Of the total, the net household debt, excluding credit card spending, reached over one-point-19 quadrillion won, up nearly 33 trillion won. It is the largest growth posted in a second quarter since related statistics were first compiled in 2002.
 
In particular, the amount of loans provided by savings banks increased by 17-point-four trillion won, compared to the five-point-six trillion growth in the first quarter.
 
Meanwhile, sales on credit, like card spending, jumped 700 billion won quarter-on-quarter to nearly 66 trillion won. Despite a rise in car purchases and department store sales, the plain growth suggests that consumer sentiment remains discouraged amid snowballing household debt and grim economic outlooks.