People are borrowing more money from private lenders and non-banking financial firms, which in turn has led the total amount of household debt in Korea to surge to a record 1,870.6 trillion won ($1.38 trillion) in the third quarter, according to the Bank of Korea (BOK). According to the BOK s preliminary data, Tuesday, outstanding household debt, including the amount of credit used for the purchase of goods and services, increased in the July-September period by 2.2 trillion won from the three months earlier.