Rising debt for youths in S. Korea

SEOUL – South Korea’s younger generation is facing rising debt while the older generation has less living costs, boosting worries about low birthrate amid an aging population, data showed on Thursday. According to data jointly released by Statistics Korea, the Bank of Korea and the Financial Supervisory Service, householders aged under 30 have an average debt… Please follow and like us:

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South Korea’s per-capita GDP to top $30,000 in 2018: Goldman Sachs

South Korea’s per-capita gross domestic product (GDP) is expected to surpass $30,000 in 2018 on brisk exports of chips and other positives, Goldman Sachs said Tuesday. “Unless there is any big change in South Korean and global export conditions, South Korea’s per-capita GDP will likely break the $30,000 level next year for the first time,” Goldman… Please follow and like us:

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Foreigners sell off W3 tril. bonds in 2 days

Foreigners have sold off bonds worth over 3 trillion won in two days this week as the nuclear test of North Korea earlier this month has increased tension on the peninsula. The government and financial sources said the selloff is unlikely to lead to an exodus of foreign investors. But the financial market here is expected… Please follow and like us:

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