S. Korea's household debt growing at second fastest pace in world: Report
- 5 years ago
New figures show the size of South Korea's household debt... and the pace of increase in debt to GDP is at a risky level.
Data by Oxford Economics on 28 major economies show South Korea's household debt to GDP ratio has reached near 100 percent, ranking third.
It's only behind Australia whose ratio is above 120 percent and Canada whose ratio is also around 100 percent.
South Korea's household debt has swelled rapidly....adding a whopping 15 percent in the last five years...ranking second only to China.
Data by Oxford Economics on 28 major economies show South Korea's household debt to GDP ratio has reached near 100 percent, ranking third.
It's only behind Australia whose ratio is above 120 percent and Canada whose ratio is also around 100 percent.
South Korea's household debt has swelled rapidly....adding a whopping 15 percent in the last five years...ranking second only to China.