September 12, 2012
South Korea on Brink of Disaster
Steven Borowiec, The Diplomat
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.
TAGGED: global economy, Korea, South Korea