Wednesday, May 25, 2011

According to Moody’s, Korea’s Household Debt Biggest Risk Factor

From Arirang:

Credit ratings agency Moody's has highlighted household debt as one of the biggest risk factors affecting the Korean banking industry.

According to the Korea Center for International Finance on Wednesday, Moody's said that the country's banking sector is showing signs of a gradual recovery in terms of profitability and asset quality after the global financial crisis hit in 2008.

However, it stressed that increasing household debt could put the industry in danger in the future.


http://www.arirang.co.kr/News/News_View.asp?nseq=116336&code=Ne4&category=3

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