are the south koreans trying to emulate americans?

imitation is the sincerest form of flattery………………………………

“Korea’s household lending by banks and other savings institutions touched 600 trillion won at the end of last year, according to government estimates. Combine this with unsecured lending, in the forms of credit cards and loans, and the borrowings by the self-employed and non-profit organizations, and the real size of personal debt could be in the territory of 980 trillion won (about $874 billion), says the LG Economic Research Institute (LGERI).”

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