Korea is reaching a ₩2,000 trillion household-debt threshold as rates turn upward
South Korea’s household credit is now reported as effectively certain to cross ₩2,000 trillion, although the official second-quarter total has not yet been used as a confirmed figure. The milestone sharpens a policy contradiction: mortgages remain the main engine of borrowing just as the Bank of Korea has begun tightening and the government has given lenders more room to expand credit.
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