Household debt in Korea has surged in recent years, raising fears of a messy unwinding. But while a financial crisis is unlikely to materialise, the debt overhang will act as a constraint on growth. A slowdown in private consumption looms.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services