South Korea: "Mortgages down but debt sneaking up at households"

from koreajoongangdaily..........

"Household loans, particularly those taken out to cover living expenses, grew at an accelerated rate in August, raising concerns about the country’s deteriorating financial situation at a time when inflation remains sky high and fear of a global recession has become a new norm.


More worrying is that the money was taken out to cover living expenses"...............READ MORE