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Record household debt saps spending

by William Sim

SOUTH Korea's household debt rose to a record last quarter as consumers borrowed more to buy homes and settle credit-card bills. Household credit, the sum of loans and credit-card installments, surged 9.2 percent...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080610/article_362598.htm"> Record household debt saps spending </a> by -- SOUTH Korea's household debt rose to a record last quarter as consumers borrowed more to buy homes and settle credit-card bills. Household credit, the sum of loans and credit-card installments, surged 9.2 percent... </p>