South Korean experts warn of risks from household debt and potential US policy shifts under Trump.

South Korean experts highlight household debt and potential US policy changes under Trump as major risks to the country's financial system. Household credit reached a record $1.37 trillion in Q3 2024, leading the Bank of Korea to lower its benchmark interest rate to 3.25%. Despite these measures, the central bank remains cautious about further easing due to rising home prices and household debts.

November 21, 2024
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