South Korean household debt burden grows, no default risk seen for now

June 30, 2016 3:00 AM

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SEOUL, June 30 The soundness of South Korean household finances worsened slightly in the first half of the year as debt grew faster than disposable income, the Bank of Korea said on Thursday.

In a twice-yearly report on financial stability, the Bank of Korea said although household debt delinquency rates were improving, increased borrowing because of low interest rates was adding pressure on households compared to the second half of last year.

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