S. Korean households' debt service burden jumps in 2011
April 2, 2012
The debt service burden of South Korean households rose sharply last year, as their debt payments increased amid high inflation, the country's central bank said Monday.The so-called household debt service ratio (DSR), an estimate of the ratio of debt payments to disposable personal income, stood at 12.9 percent last year, compared with 11.4 percent a year earlier, according to the Bank of Korea (B