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Friday, May 9, 2025

Rising debt

 

Korea's household debt-to-GDP ratio reached 108.12 percent ratio last year, up from 92 percent in 2017, according to the recent data by the International Monetary Fund. Promotional banners for loans are displayed in front of a bank in Seoul on Tuesday. [YONHAP]
Korea’s household debt-to-GDP ratio reached 108.12 percent ratio last year, up from 92 percent in 2017, according to the recent data by the International Monetary Fund. Promotional banners for loans are displayed in front of a bank in Seoul on Tuesday. [YONHAP]

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The Korea Daily Digital Team
The Korea Daily Digital Team
The Korea Daily Digital Team operates the largest Korean-language news platform in the United States, with a core staff of 10 digital journalists and a network of contributing authors based in both Korea and the U.S. The team delivers breaking news, in-depth reporting, and community-focused coverage for readers nationwide.