Household debt-to-income ratio South Korea 2012-2022

In 2022, South Korean households' debt-to-gross disposable income ratio was approximately 203.7 percent. This ratio has been consistently increasing over the past decade. Household debt mainly includes loans, primarily home mortgages, and other types of liabilities such as consumer credit (e.g. credit card debt, automobile loans). A ratio above 100 percent indicates that the debt owed is greater than the annual disposable income.