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South Korea’s household debt keeps record-breaking trend in 2021

SEOUL (XINHUA) – South Korea’s household debt kept a record-breaking trend last year due to the still low policy rate, central bank data showed yesterday. Household credit, which refers to debts owed by households to banks, insurers and other lenders as well as purchase on credit, amounted to KRW1,862.1 trillion (USD1.56 trillion) at the end
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