Korea's household debt-to-GDP ratio stood at the highest level among 34 major economies in the first quarter despite eased growth of household debts.
A passenger walks by a banner by a commercial bank in Seoul promoting its loan options on Monday. Korea's household debt-to-GDP ratio stood at the highest level among 34 major economies in the first quarter despite eased growth of household debts, according to the Institute of International Finance (IIF) on Monday. The ratio stood at 102.2 percent in the January-March period, followed by Hong Kong with a ratio of 95.1 percent, Thailand with 85.7 percent and Britain with 81.6 percent. [YONHAP]
![A passenger walks by a banner by a commercial bank in Seoul promoting its loan options on Monday. Korea's household debt-to-GDP ratio stood at the highest level among 34 major economies in the first quarter despite eased growth of household debts, according to the Institute of International Finance (IIF) on Monday. The ratio stood at 102.2 percent in the January-March period, followed by Hong Kong with a ratio of 95.1 percent, Thailand with 85.7 percent and Britain with 81.6 percent. [YONHAP]](https://img3.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202305/29/koreajoongangdaily/20230529191428556lvvk.jpg)