The Bank for International Settlement announced on June 8 that South Korea’s household debt-to-GDP ratio increased 2.9 percentage points to 97.7 percent in 2018. In the bank’s recent survey covering 43 countries, the rate of increase is second only to that of China at 3.8 percentage points.In South
The Bank for International Settlements (BIS) announced on December 10 that South Korea’s household debt-to-GDP ratio exceeded 90% to have a negative impact on its economic growth.According to the BIS, the ratio amounted to 93.8% at the end of the first half of this year whereas it had been 73.7% at
The South Korean government is to curb the nation’s total amount of household debt hovering at nearly 1.400 quadillion won (US$1.24 trillion). This is because household loans have increased by 129 trillion won (US$114.16 billion) in the past two years, which is more than twice the annual average fig
According to the Bank for International Settlements (BIS), South Korea’s household debt-to-GDP ratio amounted to 92.8% at the end of last year, up 4.7 percentage points from a year ago. The BIS recently released data on 43 countries’ household debt-to-GDP ratios. According to the data, Norway (6.3 p
The Korea Institute of Finance announced on February 26 that South Korea’s household debt-to-GDP ratio was 90% at the end of June last year, when the figure was 87.6% for Britain, 78.8% for the United States, 65.9% for Japan, 56.7% for France and 53.4% for Germany.Between 2013 and the end of June 20