Amid fewer marriages, S. Korean newlyweds have more debt than ever
Social affairsDec 11, 2023
With fewer couples getting married each year here, the amount of combined debt of recently married couples recorded an all-time high, a report showed Monday. According to a report on those recently married by Statistics Korea, the median amount of combined debt for these households in South Korea in 2022 was 164 million won ($124,000), marking both an all-time high and jump of 7.3 percent from the year before. It also showed that 89 percent of such couples overall are in debt. The report concern