South Korea’s Poisoned Chalice of Household Debt Restricts Park

South Korea’s Poisoned Chalice of Household Debt Restricts Park

SeongJoon Cho/Bloomberg

Traffic moves along a road in front of houses and an apartment building, left, in Seoul. Bank lending to households declined by 3.5 trillion won last month to 463.1 trillion won, the biggest drop since the central bank began compiling the data in 2003.