Arab Today, arab today fed\s tapering may worsen korea\s household debt problems
Last Updated : GMT 11:43:26
Arab Today, arab today
Arab Today, arab today

Fed\'s tapering may worsen Korea\'s household debt problems

Arab Today, arab today

Arab Today, arab today Fed\'s tapering may worsen Korea\'s household debt problems

Seoul - Yonhap

South Korea's household debt problems are feared to worsen as the Federal Reserve's possible stimulus tapering is likely to spur foreign capital outflows, raising market rates, a report showed Monday. If the U.S. central bank begins to taper its US$85 billion in monthly bond purchases, foreign capital is likely to exit from the Korean market, raising concerns that subsequent rises in market rates would worsen household debt problems, Jeong Young-sik, an economist at the Samsung Economic Research Institute, said in the report.

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