S. Korea’s Debt-GDP Ratio Increases at 2nd-fastest Pace Worldwide

SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s ratio of private debt to gross domestic product (GDP) grew at the second-fastest click among major economies in the third quarter of 2019, data showed Monday. Household debt in Asia’s fourth-largest economy accounted for 95.1 percent of the country’s GDP as of end-September last year, up 3.9 [...]