Saturday, 16 December 2017 07:18 GMT
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Household debt growth in S. Korea declines during Q1

(MENAFN) The nation's top financial regulator announced South Korea's household debt expansion has boosted at a slower pace in the first three months of the year.

The office also revealed that household debt has been marked as one of the main key vulnerabilities facing the country as a mountain of debts threatens to choke off consumer spending.

"Looking forward, the pace of household debt growth is expected to be stabilized, given a stabilization in the property market and the possibility of interest rates going up," according to
the Financial Services Commission (FSC).

Moreover, household lending by all financial institutions surged by 15.3 trillion won in the January-March period of 2017.

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Household debt growth in S. Korea declines during Q1

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