Household debt in Q2 up 11%
Aug. 25, 2016
[THE INVESTOR] South Korea’s household debt was up 11 percent on-year in the second quarter, despite stricter lending rules, the central bank said Aug. 25.The country’s overall household debt climbed to 1,257.3 trillion won (US$1.122 billion) in the April-June period from 1,131.5 trillion won in the same period last year, according to preliminary data from the Bank of Korea.Quarter-on-quarter, household debt, which includes credit-card spending, rose 2.7 percent, it said.Lower rates have pushed