Sticky debt

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Sticky debt

Stickers advertising credit card loans are posted in a street in Seoul on Tuesday as household debt-related risks grow. Loans on credit cards by Shinhan, Samsung, KB Kookmin, Hyundai, Lotte, Woori, Hana and BC Card totaled 35.4 trillion won ($26.4 billion) at the end of July, up 548 billion won, or 1.6 percent, from the previous month, according to the Credit Finance Association. [YONHAP]

Stickers advertising credit card loans are posted in a street in Seoul on Tuesday as household debt-related risks grow. Loans on credit cards by Shinhan, Samsung, KB Kookmin, Hyundai, Lotte, Woori, Hana and BC Card totaled 35.4 trillion won ($26.4 billion) at the end of July, up 548 billion won, or 1.6 percent, from the previous month, according to the Credit Finance Association. [YONHAP]

 
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