SEOUL — At a time when much of the advanced world is unloading its debt, South Koreans are still borrowing at a feverish rate that economists say is unsustainable, and potentially dangerous. South Korean household debt now stands at 155 percent of disposable income, according to the Organization for Economic Co-operation and Development.
Stories Related to S. Korea Tries To Curb Mounting Debt And Avert A Crisis
Chico Harlan, Washington Post
Mon, 07/09/2012 - 3:41am
Topics: asia debt economy global economy south korea
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