[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Korean economic news to share with you which is as undermentioned.
Nearly four out of 10 South Koreans have an average household debt of 80 million won ($70,690), an increase of 3.3 percent f rom a year ago, according to figures f rom a credit information provider.
The data, provided by National Information & Credit Evaluation Inc. to ruling party lawmaker Kim Byung-wook for parliamentary inspection, showed that 19 million people, or 37 percent of the country's population, had household debts as of the end of June this year. Their lending totaled 1,531 trillion won, averaging at slightly over 80 million won per person.
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