Korea′s individual debt-to-GDP ratio highest in Asia: Allianz   한국 GDP 대비 개인 부채비

Korea′s individual debt-to-GDP ratio highest in Asia: Allianz 한국 GDP 대비 개인 부채비


Korea′s individual debt-to-GDP ratio has
come in at the highest in Asia, that′s according to insurance group Allianz′s Global Wealth
Report. Korea′s ratio stood at 93 percent last year,…
much higher than the average of around 65 percent in the 53 countries surveyed.
Mentioning countries like Korea and Malaysia… the Allianz report warns of household debt
defaults starting with the working class… if interest rates go up or economic growth
slows.

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