South Korean card loan balances surpassed 43 trillion won in May, reaching an all-time high. This increase is attributed to factors including the traditional “Family Month” spending and investment in loans. The data, released by the Financial Supervisory Service, indicates a significant rise in household debt. Analysts suggest increased borrowing is linked to both consumer spending during the month-long celebration of families and participation in margin calls related to investments. The record-breaking figure raises concerns about growing financial strain on households. Further investigation is needed to determine the long-term impact of this trend on the South Korean economy.