Debts owed by all industries to deposit-taking financial institutions amounted to 1,875.7 trillion won (1.4 trillion U.S. dollars) at the end of September, up 32.3 trillion won (24.6 billion dollars) from three months ago, according to the Bank of Korea (BOK).
The industrial lending growth gained speed this year with the expansion of 20.9 trillion won (15.9 billion dollars) in the first quarter and 24.8 trillion won (18.9 billion dollars) in the second quarter.
Loan to manufacturers grew 10.3 trillion won (7.9 billion dollars) in the July-September quarter after rising 5.6 trillion won (4.3 billion dollars) in the previous quarter.
Lending to the service industry advanced 16.9 trillion won (12.9 billion dollars) during the quarter on the recovering real estate market.
Loan to real estate developers increased at a faster pace in the third quarter compared to the previous quarter due to the policy rate freeze.
The BOK had left its key rate unchanged at 3.50 percent since January after hiking it by 3.0 percentage points for the past one and a half years.
The industrial lending for operating fund advanced 14.6 trillion won (11.1 billion dollars) in the cited quarter, while the lending for facilities' fund climbed 17.7 trillion won (13.5 billion dollars).
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