from the korean times: korean households sinking under debt.

sound familiar? sounds like the good ole USA.

“Despite all the self-congratulations over how Korea managed to ride out the global economic turmoil, it’s becoming harder to overlook one inconvenient truth: the historically high levels of Korean household debt, if left unattended, will eventually rattle the country’s financial stability flesh and bone.”

http://www.koreatimes.co.kr/www/news/biz/2011/01/123_80420.html

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