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Household debt that supports living expenses surges in South Korea

Amplifying general concerns over South Korea’s high rate of household debt are figures that question the quality of much of the debt load. Mortgage-backed loans intended to support living expenses surged 6.6% to reach 135.6 trillion won by the end of July versus the same period in 2015, financial industry sources say.

Maeil Business Newspaper (South Korea) (9/7)