Debt-strained South Korean consumers keep spending down

04/24/2013 | Business Times (Singapore), The · MK.co.kr (South Korea)

Worries on several fronts including a high debt burden are restraining consumer spending in South Korea, suggesting little help forthcoming from the domestic economy as Korean exports are challenged by a falling yen. Last year, the nation's ratio of household debt to income jumped to a record 136% as debt levels rose 5.2% amid income growth of only 4.1%, according to data from the Bank of Korea.

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Business Times (Singapore), The · MK.co.kr (South Korea)

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