Senior IMF Official Says South Korean Household Debt ‘Not Imminent Threat’

Washington, D.C., Oct. 24 (Korea Bizwire) – The director of the IMF’s Asia and Pacific Department, Rhee Chang-yong, has said though South Korea faces high household debt levels compared to other OECD member states, the level of indebtedness does not pose an imminent threat. Speaking to the press on Monday at the Korean Cultural Center in Washington [...]