South korea's household debt rose to a record 1,166 trillion won ($992 billion) at the end of september, a 10 percent increase from the previous year.
17+ Household Debt Korea Problems Pics. The most conspicuous aspect of korea's household debt is the alarming speed at which it has been rising. According to oecd statistics, korea's household debt has increased 8.7 percent on average from 2008 to 2013.
These Are The Countries With The Biggest Debt Slaves And Americans Are Only In 10th Place Wolf Street from wolfstreet.com
Students at yonsei university in seoul. Every 12 minutes, a korean is declared bankrupt. The scheme was a big promise of a former south korean president.
Every minute, south korea's household debt rises by us$90,000.
South korea isn't without economic problems — but it's the inequality suffered by young and old, and by. Ordinary households now owe some. The scheme was a big promise of a former south korean president. South korea has a household debt to income ratio of 155 percent.** as of the end of july, household debt totaled 647.2 trillion won (us$573.25 billion), according to the bank of korea.
