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