Saturday, November 12, 2011

Household finance squeezed with growing debt.

http://www.koreaherald.com/business/Detail.jsp?newsMLId=20111111000644

this article shows the deterioration of south korea's economy conditions. the article's main news says households debts are expanding inspite of decrease of income. the problem is that because of the real estate situation, this situation seems to be last for a while. to announce real numeral figure, Real estate took up the biggest portion of household assets, making up 73.6 percent of the total in average or 219.1 million won on an average. to analyze phenomenon, it seems that household borrow a debt to investment of realestate, but because of bad economic situation, circumstances are degenerate rapidly. if goverment and policymaker doesn't propose a solution in a days, situaion will be worse and worse.

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