Card Loan Balances Surge 809.2 Billion Won in 2026, 87.6% From Seniors Aged 60 and Above

According to South Korea's financial regulator, card loan balances surged 809.2 billion won in 2026, with 87.6% of the increase originating from seniors aged 60 and above. The rapid expansion of debt-fueled investment among retirees is emerging as a new financial risk for the banking sector, as older households increasingly borrow for both living expenses and investment purposes.
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