More Than 30% of Households Incur New Debts within 2 Years

SEOUL, Dec. 7 (Korea Bizwire) — More than 30 percent of households said they took on new debt within the past two years since 2012. This is mainly due to the Bank of Korea‘s benchmark interest rate cuts in two occasions this year and the government’s measures to relax the regulation on the loan-to-value ratio and [...]