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S. Korea's household debt growing at second fastest pace in world: Report

2019-01-23 3 Dailymotion

New figures show the size of South Korea's household debt... and the pace of increase in debt to GDP is at a risky level.<br />Data by Oxford Economics on 28 major economies show South Korea's household debt to GDP ratio has reached near 100 percent, ranking third.<br />It's only behind Australia whose ratio is above 120 percent and Canada whose ratio is also around 100 percent.<br />South Korea's household debt has swelled rapidly....adding a whopping 15 percent in the last five years...ranking second only to China. <br />

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