now South Korea’s ratio of household
debt to GDP is growing at the third fastest pace in the entire world
according to the Bank of International Settlements
South Korea’s household debt to GDP ratio reached almost 93 percent at the
end of the second quarter of this year master eight highest out of the 43
countries studied South Korea’s household debt has been growing faster
than its GDP for the past nine years experts point to raising the country’s
GDP and household income as one way of improving the ratio