SEOUL (Xinhua): South Korea's household debt hit a fresh record high in the third quarter as the Covid-19 pandemic increased demand for credit loan amid the record-low policy rate, central bank data showed Tuesday (Nov 24).
Household credit amounted to 1,682.1 trillion won (US$1.5 trillion) as of the end of September, marking the highest since data began to be compiled in the fourth quarter of 2002, according to the Bank of Korea (BOK).
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