Household debt market seen to be exposed to financial shocks.

By bne IntelliNews June 20, 2012
South Korea's household debt market is seen to be exposed to financial shocks stemming from Europe's debt crisis as well as China's economic downturn. As reported by Xinhua News Agency, the total outstanding household loans at the country's banks as well as non-bank depository corporations registered KRW 639.6trn at the end of April this year. The ratio of household debt to disposable income was recorded at 135% last year, as compared to 114% registered in 2002.

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