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Korea’s Debt-to-GDP Seen Staying Below IMF Threshold, Analyst Says

Korea’s Debt-to-GDP Seen Staying Below IMF Threshold, Analyst Says

SEOUL, Sept. 25 (Korea Bizwire) — The likelihood of South Korea facing a debt problem as seen in some European economies remains “limited,” a local analyst said Thursday, dismissing concerns that President Lee Jae Myung’s expansionary fiscal policy may strain the local economy. Ahn Jae-kyun, an analyst at Korea Investment & Securities Co., made the [...]

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

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 [...]