Korea's household, gov't, corporate debt amounts to over $3.5 trillionUpdated: 2014-04-02 16:20:45 (KST)
Now a fresh reminder that the nation's snowballing debt problem is only becoming more serious
The country's household, government and corporate debt, all put together, amounted to over 3-and-a-half trillion U.S. dollars as of the end of last year -- almost three times larger than the total scale of the nation's economy.
The Bank of Korea said Wednesday that the ratio of the debt to the nation's GDP stood at 2-hundred-65 percent.
The figure has been on a steady rise since 2004. and spiking in 2008 to around 2-hundred-50 percent when the nation was hit by the global financial crisis.
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