In June, the increase in credit loans from major commercial banks reached the highest level in five years and two months. This year, the amount mobilized for ‘youngkkeul’ (meaning to attract souls) across the entire financial sector, including credit loans and card loans, increased by 23.3 trillion won. There are concerns that the financial market may become unstable as the loan increase does not subside due to expectations of rising housing prices and the stock investment craze. According to the financial industry on the 28th, the balance of personal credit loans from the five major banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup) stood at KRW 108.7272 trillion as of the 25th, an increase of KRW 2.2118 trillion compared to the end of the previous month. This is the largest increase in 5 years and 2 months since April 2021 (KRW 6.8401 trillion). This was led by ‘debt investment’ using negative accounts. As of the 25th, the personal negative account balance (KRW 43.3363 trillion) was the highest in 3 years and 8 months. It appears that a significant number of them were used for stock investment. As of the end of May, the amount of direct and indirect investment by individual investors in stocks calculated across the entire financial sector was 419.5 trillion won. 23 trillion 30 trillion compared to the end of the previous year