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Are South Korean households finally borrowing less? | Video

03:56 Min

South Korean households are among the world's biggest borrowers - with their debts amounting to more than 100 per cent of the country's entire economic output. But in 2022, it declined for the first time in 18 years. Lim Yun-suk explains. 

South Korean households are among the world's biggest borrowers - with their debts amounting to more than 100 per cent of the country's entire economic output. But in 2022, it declined for the first time in 18 years. Lim Yun-suk explains. 

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