S. Korean banks' lending rate rebounds in May

SEOUL, June 28 (Xinhua) -- South Korean banks' lending rate rebounded in May after dropping a month earlier, central bank data showed Friday.

The weighted average rate for new bank loans posted an annualized 4.78 percent in May, up 0.01 percentage point compared to the previous month, according to the Bank of Korea (BOK).

It turned around after tumbling 0.08 percentage points in April amid weaker expectat