Jeong Young-sik

South Koreans worry they’re headed for U.S.-style debt bubble

South Koreans are spending money with reckless abandon, taking out loans and maxing out credit cards to pay their bills. They’re doing it, usually, in hopes of improving their socioeconomic status, but economists say they may be banking on an unsteady foundation.

Growing Debt Worries for South Korea

Global Politics
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