BUSINESS

[Monitor] Household debt burden surges to highest

By Korea Herald
  • Published : Sept 24, 2017 - 16:28
  • Updated : Sept 24, 2017 - 16:28

A quarterly report by the Bank for International Settlements showed that the debt-service ratio for the households in South Korea reached 12.5 percent, up 0.7 percentage points from a year ago in the first quarter this year.

This is the highest level since the first quarter in 1999 when the relevant data started to be collected.