South Korea's Household Debt Sees Significant Rise — The Highest Since 2021

In a startling development, South Korea reported a notable increase in household debt during the last quarter, marking the steepest rise since 2021. The household debt level climbed to an alarming 2,024 trillion won (roughly $1.5 trillion), a reflection of ongoing economic pressures and the rising cost of living that have prompted families to increasingly rely on borrowing.

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