South Korea's household loans extended by local banks rose eleven-point-five percent in November from a year earlier, despite a series of measures to curb household debts.

According to data from the Bank of Korea on Wednesday, outstanding household loans came to about 705 trillion won as of the end of November, up almost nine trillion won from the previous month.

The figure marks the largest monthly growth for the month of November since 2008.

Meanwhile, both mortgage loans and credit loans also sharply increased.