Global network news, South Korean household debt continues to expand the scale of this year for the first time exceeded 70 million won (about 420 thousand yuan). Yonhap reported on 26 November, according to statistics released on the Bank of Korea in 26, the third quarter of this year (7-9 months) Korean family credit balance amounted to 1419 trillion and 100 billion won (about 86 trillion yuan), the average per household debt amounted to 72 million 690 thousand won (about 430 thousand yuan).

According to reports, at the end of last year, South Korean household debt is 69 million 620 thousand won, the second quarter of this year increased to 71 million 90 thousand won, 70 million won for the first time in the third quarter, to further expand the scale.

Over the years, South Korean household debt continues to expand the scale, but on the contrary, family income growth has stalled. According to the Statistics Department released data, the third quarter of this year the average monthly income per household is 4 million 537 thousand won, an increase of 2.1%. But in view of the price increase, the actual income of only 4 million 390 thousand won, down 0.2%.

At the same time, South Korea real household income from the fourth quarter of 2015 has gone downhill, and household debt increased, or for fear of economic recovery poured cold water. Recently, export-oriented economy has improved, economic growth is expected to exceed 3% again after a lapse of 3 years, but people actually feel the boom has not yet warmed up. While the family do not consume, will lead to sluggish domestic demand, and ultimately affect the enterprise production and investment.