South Korea's household debt, which includes credit card bills and loans, reached 640.5 trillion won (US$623.1 billion or 402.8 billion euros) by the end of the first quarter ended 31 March, up 9.2% from 586.5 trillion won in the same period a year earlier, according to the Bank of Korea, the country's central bank. Payments for goods made with credit cards increased to 35.5 trillion won during the quarter, up 13.8% from 31.2 trillion won in the same period last year. Bank officials were unable to offer immediate comment to CardLine Global.
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