Debt of low-income, low-credit borrowers increased by US$ 3.5 bil. y/y in 2018
- 5 years ago
취약차주 부채 87조원…1년 새 4조 늘었다
Debt owed by Koreans with low incomes and/or poor credit continues to grow.
According to the Bank of Korea, last year it rose by 3-and-a-half billion U.S. dollars on-year... to reach 76 billion.
The Bank of Korea says that debt was mainly in the form of loans from non-bank financial institutions... and other personal loans.
The debts of these low-income, poor-credit groups accounted for 6 percent of the country's total household debt.
Meanwhile, the BOK said that while household debt grew more slowly last year, it's still growing faster than incomes and accounted for 86 percent of nominal GDP.
Debt owed by Koreans with low incomes and/or poor credit continues to grow.
According to the Bank of Korea, last year it rose by 3-and-a-half billion U.S. dollars on-year... to reach 76 billion.
The Bank of Korea says that debt was mainly in the form of loans from non-bank financial institutions... and other personal loans.
The debts of these low-income, poor-credit groups accounted for 6 percent of the country's total household debt.
Meanwhile, the BOK said that while household debt grew more slowly last year, it's still growing faster than incomes and accounted for 86 percent of nominal GDP.