Consumer Lending in South Korea - New Report Available
All consumer lending areas continued to grow in 2012 in both gross lending and outstanding terms. However, growth was slightly slower than in 2011, except within education lending. Although growth within consumer lending is slowing, the general picture within consumer lending is not a very optimistic one. According to Statistics Korea, the total consumer Debt-to-Income (DTI) ratio is way above the OECD average. In addition, Korea Housing Finance Corporation statistics show the risky level of...
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