House­hold debts keep surg­ing in ROK

China Daily (USA) - - BUSINESS -

House­hold debts in South Korea, one of ma­jor risks fac­tors fac­ing the econ­omy, kept ris­ing at a fast pace last month on the back of a record­low in­ter­est rate, cen­tral bank data showed onWed­nes­day. Out­stand­ing house­hold debts held by banks amounted to 673.7 tril­lion won ($616 bil­lion) as of the end of July, up 6.3 tril­lion won from a month ear­lier, ac­cord­ing to the Bank of Korea.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.