South Korean Working Poor Caught in Vicious Debt Cycle

SEOUL, Oct. 17 (Korea Bizwire) — The South Korean working poor are struggling from a vicious cycle of increasing debt, where interest and repayment fees reach as high as 12.56 million won each year, while disposable income is no more than 11 million won, on average. The Korea Institute for Health and Social Affairs (KIHSA) [...]