Little to fear from South Korea's household debt, central bank chief says

11/17/2013 | MK.co.kr (South Korea)

Rising household debt in South Korea is not on a path that will lead to a financial meltdown, said Bank of Korea Governor Kim Choong-soo. Kim noted that Korea's situation differs from other debt binds that led to crises in that most of Korea's debt is concentrated in the top income bracket.

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