The Korea Herald

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[MONITOR] South Korea's domestic credit surge

By Korea Herald

Published : Nov. 2, 2016 - 17:08

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The Bank of Korea warned that the country’s domestic credit is fast rising at a rate of 5.9 percent (comparative price level considered) compared to other countries. Domestic credit compared to nominal gross domestic product has continued to set new records each quarter and reached 195.7 percent as of June this year.