S. Korea's household debt growing at second fastest pace in world: Report
- 5 years ago
The size of South Korea's household debt... and the *pace of increase in debt to GDP are both at a risky level.
This is according to data by Oxford Economics on 28 major economies... which show.... South Korea's household debt to GDP ratio has ranked third... reaching near 100 percent.
It's only behind Australia whose ratio is above 1-hundred-20 percent.... and Canada whose ratio is also around one-hundred percent.
South Korea's ballooning household debt added a whopping 15 percent in the last five years... ranking second only to China.
This is according to data by Oxford Economics on 28 major economies... which show.... South Korea's household debt to GDP ratio has ranked third... reaching near 100 percent.
It's only behind Australia whose ratio is above 1-hundred-20 percent.... and Canada whose ratio is also around one-hundred percent.
South Korea's ballooning household debt added a whopping 15 percent in the last five years... ranking second only to China.