S. Korea Tries To Curb Mounting Debt And Avert A Crisis

South Korea

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.

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