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   
RELATED ARTICLES
BING NEWS:
  • 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
  • Outside View: Soaking the rich won’t solve much
    Dec. 4 (UPI) -- To avert the fiscal cliff ... federal spending and the national debt will jet into the stratosphere -- no matter what the president and Congress agree to in their current negotiations. Mounting interest payments will cause investors ...
    12/3/2012 - 4:05 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
  • Japanese Premier Faces Party Revolt
    Mr. Noda also faces challenges similar to those facing leaders of advanced economies around the world, who are attempting to curb government borrowing at ... At the center of Japan's mounting political tensions is Mr. Noda's main rival in the ruling ...
    06/24/2012 - 10:42 am | View Link
  • More
BING SEARCH:
  • Daily Sun
    PM for joint venture hydraulic power projects with Bhutan 36 dead, 19 missing as ferry capsizes in Philippines
    07/3/2015 - 5:45 am | View Website
  • US Top News and Analysis
    A defiant Alexis Tsipras urged Greeks to reject an international bailout deal, wrecking any prospect of repairing relations with EU partners.
    07/3/2015 - 12:01 am | View Website
  • Bloomberg
    The daily online Bloomberg report gives you the latest headlines from around the world, current market data annd personal finance advice, politics and top videos.
    07/2/2015 - 5:21 pm | View Website
  • Financial Times
    The latest India and international business, finance, economic and political news, comment and analysis from the Financial Times on FT.com
    07/2/2015 - 3:19 pm | View Website
  • Health News & Articles | Healthy Living
    Get the latest health news from Dr. Richard Besser. Here you'll find stories about new medical research, the latest health care trends and health issues that affect ...
    07/2/2015 - 12:27 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