South Korean Debt Expands at 7-Year High

Household debt in South Korea is rising at its fastest pace in seven years, driven by government efforts to help prop up the economy.

South Korea to Ease Mortgage Lending Rule to Spur Consumption

South Korea will ease a rule on mortgage lending to stimulate the real-estate market and boost consumption as faltering global demand hurts the export-reliant economy, an adviser to President Lee Myung Bak said.