Household debt ratio South Korea 2012-2022

In 2022, the household debt-to-income ratio among South Korean households amounted to around 203.7 percent. This ratio has risen steadily over the last decade. The debt of households largely consists of loans, primarily home mortgage loans, but also other types of liabilities such as consumer credit (e.g. credit card, automobile loans). A ratio above 100 percent shows that the level of debt outstanding is larger than the annual flow of disposable income.