![[Kobiz Feature] “Household Debt”: Time Bomb Waiting to Explode](http://koreabizwire.com/wp/wp-content/uploads/2014/01/4273218381_a3316d3330_z.jpg "[Kobiz Feature] “Household Debt”: Time Bomb Waiting to Explode")
SEOUL, Korea, Jan 03 (Korea Bizwire) – Last year Korea’s economy was wobbled by the concerns of a tapering of the U.S. Fed’s quantitative easing policy. If the American monetary authorities start reducing the bank’s US$85 billion in monthly bond purchases, the reasoning went, the won-dollar exchange rate would fluctuate wildly and send huge shock waves to [...]
SEOUL, Korea, Nov 05 (Korea Bizwire) - In a dire situation where the total household debt balance as of the end of June this year reaches the record-high level of 980 trillion won, the Seoul Metropolitan City Government sets out to run a program called “Regaining Hope Project” that includes consultation on how to file for bankruptcy and [...]
SEOUL, Korea, Sep 16 (Korea Bizwire) – We are seeing so many comments by the world’s famous economists and top market analysts that the Korean economy is doing so well. The Wall Street Journal said on August 28, “Korea is the winner amid the emerging market turmoil.” JPMorgan chief economist Michael Feroli also said on September [...]