S. Korea’s Household Debt Growing at Worrying Rate

SEOUL, March 20 (Korea Bizwire) — South Korea’s household debt is rising rapidly in comparison to economic growth, and is nearing the size of the nation’s GDP.  According to the Bank for International Settlements (BIS) on March 18, in last year’s Q3 South Korean household debt stood at 94.4 percent of GDP. This figure marked [...]