Household debt South Korea 2023, by type

Published by L. Yoon, Jun 28, 2024

In 2023, financial liabilities comprised the largest part of household debt in South Korea, at around 67 million South Korean won. The remainder consisted of security deposits of almost 25 million South Korean won. Household debt in South Korea has increased steadily in recent years.

Average household debt in South Korea in 2023, by type (in million South Korean won)

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Release date

December 2023

Region

South Korea

Survey time period

2023

Supplementary notes

1,000 South Korean won equals 0.75 U.S. dollars or 0.69 euros as of February 2024. 

Figures have been rounded.

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