2nd place in household debt-to-GDP growth

2nd place in household debt-to-GDP growth

South Korea’s household debt compared to GDP has grown the second fastest among the world’s top 43 economies according to the latest figures by an international financial organization. This continues to fuel concerns that another financial crisis could be on the horizon again for Korea. Our Won Jung-hwan has more. Korea’s household debt has been

Government debt surpasses 1 quadrillion won mark in 2015

Government debt surpasses 1 quadrillion won mark in 2015

Korea’s government debt has surpassed the one quadrillion-won mark, topping 833-billion U.S. dollars as of the end of 2015. The finance ministry said Friday that government debt had risen by four-point-eight percent as of the end of last year from the year before. But thanks to a series of public sector reforms,… the rate of

G20 to focus on economic rebalancing in upcoming Sept. summit G20, 9월 정상회담서 채무 감축 목표치 결정

G20 to focus on economic rebalancing in upcoming Sept. summit G20, 9월 정상회담서 채무 감축 목표치 결정

G20 to focus on economic rebalancing in upcoming Sept. summit G20, 9 Finance ministers and central bank governers from the Group of 20 nations will reportedly work on rebalancing their public debt ratio, while trying to reduce possible negative side effects from expansionary monetary policies. This is said to be one of the agendas likely

Korean gov’t, household, corporations sitting on massive debt

Korean gov’t, household, corporations sitting on massive debt

Calls are growing for the government to come up with new measures to tackle the country’s snowballing debt problem… among households, corporations and even the government itself. Hwang Ji-hye has the details. Korea’s central bank has been working hand-in-hand with the government to prop up the local economy suffering from sluggish demand both at home

S. Korea’s household debt-to-GDP ratio rose to 85.9% in 2018: BOK

S. Korea’s household debt-to-GDP ratio rose to 85.9% in 2018: BOK

Data suggest South Korean households had record-high debts last year at an average of 69-thousand U.S. dollars each. According to Statistics Korea, that’s an increase of 4-point-6 percent from the year before… and it’s significantly faster than the rise in incomes, which rose just 6 tenths of a percent. The household debt-to-GDP ratio is also

Korea’s government debt-to-GDP ratio at 37.9% in 2015

Korea’s government debt-to-GDP ratio at 37.9% in 2015

Korea’s national debt soared in 2015 from a year earlier… to stand at roughly 5-hundred-10 billion U.S. dollars. It is raising alarm, but when compared to other OECD economies… the figure still points to the country’s relative fiscal health… says the government. Our Hwang Ji-hye looks into the numbers. Korea’s government debt last year went

Korea′s national debt to reach US$13.5 trillion by 2060: National Assembly Budge

Korea′s national debt to reach US$13.5 trillion by 2060: National Assembly Budge

Korea′s low birth rate and its aging society are putting pressure on the country′s national budget. These factors could make a tax rate hike a necessity. According to a report by the National Assembly Budget Office,… the national debt will amount to 13-and-a-half trillion U.S. dollars by the year 2060 if there are no additional

Senate passes two year budget and debt ceiling bill, will send it to Trump   The Washington Post

Senate passes two year budget and debt ceiling bill, will send it to Trump The Washington Post

Senate passes two year budget and debt ceiling bill, will send it to Trump The Washington Post The legislation now goes to President Trump, who is expected to sign it despite conservative complaints that it will fuel the nations runaway debt. Budget Deal is phenomenal for our Great Military, our Vets, and Jobs, Jobs, Jobs!

100 People Tell Us How Much Money They Make | Keep it 100 | Cut

100 People Tell Us How Much Money They Make | Keep it 100 | Cut

– Oh, Shit. – My yearly salary? – Oh-(‘f’ sound) – Huh-uh, and even as a child your always taught don’t ask anybody that question, that’s a personal question. – Ah– – Do I have to tell you? – Well I’m not really comfortable with telling you anything. – That’s for me to know, and