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S. Korea’s household debt-to-GDP ratio highest out of 31 OECD countries: KERI
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국내 GDP 대비 가계부채 비율 OECD 1위
South Korea’s household debt has surged in recent years and is higher than other OECD countries with relevant data.
The Korea Economic Research Institute estimated that the country’s household debt from the year 2017 to 2022 surged by nearly 32 percent, reaching almost 2-point-3 trillion U.S. dollars.
This includes the amount of jeonse deposit, which is not counted in international statistics.
Jeonse is a unique Korean system where the tenant gives the landlord a huge lump-sum deposit instead of paying monthly rent.
As of 2021, South Korea’s household debt-to-GDP ratio was 1-hundred-5-point-8 percent, ranking fourth among 31 OECD countries.
But once the jeonse deposit system is included, South Korea has the highest ratio.. of 1-hundred-56-point-8 percent, followed by Switzerland.
#household_debt #SouthKorea #Economy #OECD #가계부채 #경제 #Arirang_News #아리랑뉴스
2023-03-06, 12:00 (KST)
South Korea’s household debt has surged in recent years and is higher than other OECD countries with relevant data.
The Korea Economic Research Institute estimated that the country’s household debt from the year 2017 to 2022 surged by nearly 32 percent, reaching almost 2-point-3 trillion U.S. dollars.
This includes the amount of jeonse deposit, which is not counted in international statistics.
Jeonse is a unique Korean system where the tenant gives the landlord a huge lump-sum deposit instead of paying monthly rent.
As of 2021, South Korea’s household debt-to-GDP ratio was 1-hundred-5-point-8 percent, ranking fourth among 31 OECD countries.
But once the jeonse deposit system is included, South Korea has the highest ratio.. of 1-hundred-56-point-8 percent, followed by Switzerland.
#household_debt #SouthKorea #Economy #OECD #가계부채 #경제 #Arirang_News #아리랑뉴스
2023-03-06, 12:00 (KST)
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