from k-town to… k

Wednesday, December 17, 2008 | 13:30

a culture of consumer spending/debt abounds in Korea and you may even see it manifest itself stateside with your Korean-American friends.  is this what the future holds for the US?

“According to data released by the Bank of Korea last week, South Korean household debt climbed 10.7% in the third quarter from the same period a year ago to a high of 676 trillion won. That amounts to 40 million won, or $29,300, per household.”
-WSJ.com

read the rest here while you can.

posted in musings