Friday, June 10, 2011

South Korea to Weigh Rate Increase as Household Debt Poses Risk for Growth

Financial liabilities of individuals in South Korea were 155.4 percent of disposable income at the end of 2010, “one of the highest ratios globally” and still climbing, Young Il Choi, an analyst at Moody’s Investors Service, said in a report last month.

Read more here.

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