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.

Sections:  news   world   
Topics:  asia   debt   economy   global economy   south korea   
  • LIMA CLIMATE TALKS | Air of anxiety, but also hope, pervades work on make-or-break deal
    At the hallways of the conference venue, the mood of thousands of delegates is optimistic - sparked by the recent announcements of China, the United States and the European Union on plans to curb their ... conference Sano told that ...
    12/2/2014 - 10:34 am | View Link
  • The postman won’t ring at all
    The drastic changes announced by postal management this week, the most significant of which is the eventual elimination of home delivery, are meant to avert disaster ... may yet be sold but its mounting losses and excessive debt will deter some potential ...
    12/13/2013 - 7:00 pm | View Link
  • Briefing | Sanctioning Iran: Implications and Consequences
    An outline of how sanctions on oil and P&I (protection and indemnity) coverage has impacted Iranian oil sales with each one of its primary buyers -- e.g., Japan, Turkey, South Korea, China ... policies could help avert some of the disaster scenarios ...
    10/9/2012 - 3:33 am | View Link
  • South Korea tries to curb mounting household debt and avert a crisis
    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 stands at 155 percent of ...
    07/9/2012 - 8:56 pm | View Link
  • Stockton's Poor Mired In Violence After Police Cuts, Recession
    Late last month, the city council voted to suspend millions in debt payments and enter mediation ... But the cuts failed to strengthen Stockton's budget, which is also being sapped by mounting employee retirement costs. According to the most recent ...
    03/19/2012 - 1:17 am | View Link
  • More
  • International Financing Review
    Dealers call for auction harmony. IFR 2084 23 May 2015 to 29 May 2015 By Helen Bartholomew. Primary dealers are intensifying calls for European government issuers to ...
    05/27/2015 - 9:24 pm | View Website
  • International News | World News
    Get the latest international news and events from Asia, Europe, the Middle East, and more. See world news photos and videos at ABCNews
    05/27/2015 - 4:23 pm | View Website
  • US Top News and Analysis
    'For today, good news is good news. ... We just have to come up with a better (catalyst) to send us higher,' one strategist said.
    05/27/2015 - 4:16 pm | View Website
  • Today's Stock Market News and Analysis
    Please note that once you make your selection, it will apply to all future visits to If, at any time, you are interested in reverting to our ...
    05/27/2015 - 3:47 pm | View Website
  • United Nations News Centre
    United Nations News Centre with breaking news from the UN News Service
    05/27/2015 - 12:20 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News