Debt by self-employed on rapid surge amid economic slowdown in Korea
A pedestrian carries a plastic shopping bag
Seoul - Yonhap
The amount of debt owed by the self-employed in South Korea has snowballed in the past four years, far surpassing the growth pace of corporate and mortgage loans amid an economic slowdown, industry data showed Sunday.
The combined loans to the self-employed by Korea's five largest commercial banks amounted to 134 trillion won (US$122.5 billion) as of end-October, adding 40 trillion won from the end of 2010, according to the data.
Loan totals were provided by Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank and NH Bank.
- Sunday ,02 December GMT 14:02 2018 RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fund
- Wednesday ,21 November GMT 07:56 2018 Merkel policies in focus in final debate on draft German budget
- Thursday ,08 November GMT 14:11 2018 Greek minister, Russian ambassador discuss possible investment projects
- Wednesday ,07 November GMT 11:15 2018 Top U.S. diplomat visits Pakistan to discuss economic cooperation
- Thursday ,01 November GMT 13:53 2018 Alrosa to sell 127 large gem-quality rough diamonds at an auction in Israel
- Tuesday ,30 October GMT 10:59 2018 Trade turnover between Russia and Japan grows by over 17% in 2018
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Russia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 22:35 2015 Wednesday ,15 July
Mild weather forecast until Saturday in Jordan
GMT 22:32 2016 Wednesday ,13 April
High hopes for Indonesian author vying for Man Booker glory
GMT 11:33 2017 Wednesday ,13 December
40 Houthis killed, injured in confrontations in western Yemen
GMT 09:10 2018 Sunday ,09 December
Canada’s detention of Huawei exec ‘vile in nature’
GMT 14:54 2018 Friday ,07 December
Boca Juniors and River Plate prepare to settle Copa Libertadores
GMT 20:39 2018 Wednesday ,05 December
Armageddon avoided? Scientist doubts Solar Cycle 25 will ravage GPS-dependent economy
GMT 14:37 2018 Wednesday ,05 December
Serena Williams and Andy Murray return to Australian Open
GMT 09:08 2018 Tuesday ,27 November
Rare Atlantic walruses spotted in White Sea for first time in several hundred years
GMT 18:25 2018 Thursday ,18 October
Top anti-Taliban official killed in Kandahar shooting
GMT 05:27 2017 Sunday ,22 January
Explosion hits largest US base in Afghanistan
GMT 18:44 2016 Thursday ,03 November
How the Arab News/YouGov US Election MENA survey was conducted
GMT 08:29 2017 Sunday ,01 October
Spectre of Zimbabwe hyperinflation triggers panic-buying
GMT 15:12 2017 Tuesday ,10 October
Minister of Public Health Meets Germany Ambassador
GMT 08:00 2017 Monday ,27 February
Amazing ideas to decorate a master bedroom
GMT 09:58 2017 Wednesday ,20 December
EU court says Uber is taxi service, can be regulated
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor