Growth of S. Korea’s Household Debt-to-GDP Ratio 3rd Fastest among Major Economies

SEOUL, Oct. 3 (Korea Bizwire) –The ratio of household debt to gross domestic product (GDP) in South Korea increased at the fastest clip after China and Hong Kong despite a series of tightened lending rules, data showed on Wednesday. According to the data compiled by the Bank for International Settlements (BIS), South Korea’s household debt [...]