Deep debt
![Stickers for high-rate loans are displayed on buildings in Seoul on Monday. The amount of outstanding revolving credit from credit cards reached an all-time high last month amid prolonged economic downturn. Outstanding amount of revolving credits reached 7.5 trillion won in November, an increase of 41.8 billion won from the previous month’s 7.4 trillion won, the Credit Finance Association said Sunday. That figure is the highest recorded since the association started compiling such data in November 2021. [NEWS1]](https://koreajoongangdaily.joins.com/data/photo/2023/12/25/1e6223d3-40f5-4f6d-9bd1-28a710c1a80d.jpg)
Stickers for high-rate loans are displayed on buildings in Seoul on Monday. The amount of outstanding revolving credit from credit cards reached an all-time high last month amid prolonged economic downturn. Outstanding amount of revolving credits reached 7.5 trillion won in November, an increase of 41.8 billion won from the previous month’s 7.4 trillion won, the Credit Finance Association said Sunday. That figure is the highest recorded since the association started compiling such data in November 2021. [NEWS1]
BY JIN EUN-SOO [jin.eunsoo@joongang.co.kr]
with the Korea JoongAng Daily
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