Info via Reuters:
- South Korea's financial watchdog chief on Tuesday expressed concern about a rapid pick-up in household debt and said such financial imbalance may turn into systemic risk.
- "There are concerns that it may turn into a systemic risk, as financial imbalances accumulate and soundness deteriorates should home prices undergo correction"
- South Korea has one of the world's highest household debt-to-economy ratios, with more than 60% of loans tied to mortgages at local banks.
Sheesh ... SK not along on high debt. Not at all.
