Yoon nominates former boss to head broadcasting watchdog
Korean students outperform OECD average amid pandemic havoc: data
US rejects NK's 'double standard' claim on Seoul's satellite launch
Over 70,000 teens homeless, urgent support needed: professor
6 outgoing ministers ‘strong candidates’ for general elections: ruling party
[Graphic News] S. Korea ranks No. 1 in household debt-to-GDP ratio in Q1By Nam Kyung-don
Published : June 24, 2022 - 10:01
South Korea had the highest household debt-to-gross domestic product ratio among 36 major economies in the first quarter, a global finance report said.
The country’s household debt-to-GDP ratio came to 104.3 percent in the January-March period, followed by Lebanon with 97.8 percent, Hong Kong with 95.3 percent, Thailand with 89.7 percent and Britain with 83.9 percent, according to data from the Institute of International Finance.
South Korea was the only country whose household debt exceeded its GDP among the 36 countries that include Japan, China, the United States and European Union.
Korea’s outstanding household lending stood at 1,752.7 trillion won at the end of March, down 1.5 trillion won from end-December, according to data from the Bank of Korea. (Yonhap)
Half of young people struggling financially: Seoul
Banks, regulators shift blame for snowballing ELS losses
Drug demand rises over surge in ‘walking pneumonia,’ flu