You can’t stop a bubble with a bubble… The boomerang of household debt-led growth

Concerns about household debt in Korea are growing. This is because household debt exceeded the size of the gross domestic product (GDP) at the end of 2020 and is emerging as the biggest risk factor that threatens the Korean economy considering the rate of increase compared to the real economy. In Korea, the ratio of household debt to GDP reported to the Bank for International Settlements (BIS) is 103.8%. According to the International Monetary Fund (IMF), the size of household debt is

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