Republic of Korea: Selected Issues

Republic of Korea: Selected Issues

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In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.Korean household debt has reached 148 percent of disposable income, high by emerging market standards. ... With high levels of bank capitalization and low levels of nonperforming loans, systemic financial risks from high household debt remain manageable, but such debt may limit upside potential for ... And third, as illustrated by the credit card crisis in 2003aˆ’04, a subsequent retrenchment of credit from the household ... International Comparison of Household Debt 90 100 110.

Title:Republic of Korea: Selected Issues
Author:Leif Lybecker Eskesen, Erik Lueth, International Monetary Fund
Publisher:International Monetary Fund - 2009


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