Korean household debt, already among the heaviest in the world at 1.6 times average disposable income, has been growing at its fastest in years over recent months on the back of a recovering property market - Reuters Photo.
SEOUL: The South Korean central bank chief's surprisingly stern warning on Thursday against betting on an imminent policy easing showed it was far more concerned about rising household debt than uncertain economic growth.
This concern makes sense, given that household debt – already among the heaviest in the world at 1.6 times average disposable income – has been growing at its fastest in years over recent months on the back of a recovering property market.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
