September 12, 2012

South Korea on Brink of Disaster

Steven Borowiec, The Diplomat

AP Photo

In less than twenty years, South Korea has gone from being a nation of savers to one of the most reckless borrowers in the world. On both government and household levels, South Korea is deep in debt and a crisis could be brewing in the world’s 13th largest economy.

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TAGGED: global economy, Korea, South Korea

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