[Editorial] Debt and income
Mar 3, 2011
Household debt is at an alarmingly high level. Worse still, interest payments are growing three times as fast as disposable income. But there are few signs indicating that the debt burden will shrink anytime soon. On the contrary, interest rates are rising as inflationary pressure is increasing. According to a recent report from the Bank of Korea, household debt, including purchases on credit, s...