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S. Korea’s Household Debt Growth Faster than Peers in 2019

S. Korea’s Household Debt Growth Faster than Peers in 2019

SEOUL, March 4 (Korea Bizwire) — The debt owed by households and small businesses in South Korea rose at one of the world’s fastest rates in 2019 in terms of its ratio to the country’s gross domestic product (GDP), data showed Wednesday. According to the data from the Bank for International Settlement, outstanding debt extended [...]

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

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 [...]

Mike Durkin and Lino Saputo, Jr. to Join Global Dairy Platform Inc. Board of Directors

Mike Durkin and Lino Saputo, Jr. to Join Global Dairy Platform Inc. Board of Directors

ROSEMONT, Ill., Mar. 4 (Korea Bizwire) — Global Dairy Platform (GDP), a pre-competitive collaboration of dairy sector organizations focused on encouraging the appropriate intake of nutrient-rich dairy foods and demonstrating the sector’s role in sustainable agriculture, today announced the addition of Mr. Mike Durkin, President & CEO of Leprino Foods and Mr. Lino Saputo, Jr., [...]

S. Korea’s per-capita GDP Expected to Exceed US$40,000 in 2023

S. Korea’s per-capita GDP Expected to Exceed US$40,000 in 2023

SEOUL, Oct. 25 (Korea Bizwire) — South Korea’s per-capita gross domestic product (GDP) is on track to surpass US$30,000 this year and expected to exceed $40,000 in 2023, a parliamentary report showed Thursday. According to the report by the National Assembly Budget Office (NABO), South Korea’s per-capital GDP is expected to reach $31,862 this year, [...]