Household debt, possible capital flight worrisome for S. Korea
BusinessJun 26, 2017
High household debt and a possible capital flight following expected US rate hikes pose major risks to South Korea this year, a local think tank said Monday.In a seminar held by the Korea Economic Research Institute (KERI) in Seoul, KERI Vice President Song Won-geun said faced with downside risk factors such as a record high household debt and a possible capital outflow sparked by further US rate hikes, companies are having difficulty in setting their business plans for the second half. (Yonhap)