1. 0 Households Debt The speed at which the debts are mounting and affecting the middle and upper income classes is raising alarms. Around 7%/year The government says it is aware of the deteriorating situation and will soon launch countermeasures. “House poor” - whose properties’ values are lower than their mortgages Household loans has reached over 1,000 trillion won ($ 1 Trillion) as of the end of July, a new record.

2. 1 Households Debt

3. 2 Korea’s household debt today is twice the size of what it was a decade ago. In 2002, household debt totaled 465 trillion won. The loans are growing in size and in lateness - and increasingly, the problem is spilling over to the middle and upper classes. Recent data by the Credit Counseling & Recovery Service showed that among those who applied for debt workout in the first half of this year, 82 percent earned less than 1.5 million won a month, a decline from 88 percent in 2010.

4. 3 Households Debt

5. 4