Houston Community News >>

8/2/2009-- During the 10 years since the Asian financial crisis, Koreans have got deeper into debt as they used low-interest loans to increase their assets and spent lavishly on their children's education.

As of the end of last year, the average monthly salary in Korea was W3.46 million, up just 19 percent from five years ago, but total household debt stood at W683.7 trillion, up 51 percent over the last five years. That translates into a W233.24 trillion rise in debt.  

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