Household debt ratio falls
Published: 09 Oct. 2024, 17:53
![A woman passes a loan promotion poster at a bank in Seoul on Wednesday. [NEWS1]](https://koreajoongangdaily.joins.com/data/photo/2024/10/09/f183c853-b11b-4845-a33e-97c8a2b34df3.jpg)
A woman passes a loan promotion poster at a bank in Seoul on Wednesday. [NEWS1]
A woman passes a loan promotion poster at a bank in Seoul on Wednesday. Korea's ratio of household debt to gross domestic product has reached its lowest point in four years and three months. The ratio, which spiked to 92.1 percent as of March, fell to 91.1 percent as of the end of June. High borrowing costs in Korea caused the ratio to return to pre-Covid-19 pandemic levels.
with the Korea JoongAng Daily
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