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Friday, March 14, 2025

Rising debt

 

Korea's household debt-to-GDP ratio reached 108.12 percent ratio last year, up from 92 percent in 2017, according to the recent data by the International Monetary Fund. Promotional banners for loans are displayed in front of a bank in Seoul on Tuesday. [YONHAP]
Korea’s household debt-to-GDP ratio reached 108.12 percent ratio last year, up from 92 percent in 2017, according to the recent data by the International Monetary Fund. Promotional banners for loans are displayed in front of a bank in Seoul on Tuesday. [YONHAP]

The Korea Daily
The Korea Daily
Founded in 1974, The Korea Daily (미주중앙일보) is the largest Korean media outlet in the U.S., providing in-depth coverage of local, national, and international news with a strong focus on immigration, business, and the Korean-American community. While covering major cities across the U.S., including New York, Washington D.C., Atlanta, Chicago, San Diego, San Francisco, Denver, and Dallas, as well as Vancouver and Toronto, Canada, The Korea Daily primarily focuses on news in Los Angeles County and Orange County. Headquartered in Koreatown, Los Angeles, it serves as a key news source for Korean Americans in Southern California.