Why does it feel like everyone in South Korea is drowning in debt? From students and office workers to entire families and ___________________, the numbers are staggering. Almost every single person in South Korea is drowning in debt. This isn't just ___________________ gone wrong—it's a structural crisis. In this video, we're diving deep into South Korea's household debt problem, exploring whether people are ___________________, or if the system is setting them up to fail.
As of 2025, household debt in South Korea has surged to a staggering $1.34 trillion—over 105% of the nation’s GDP. This level of indebtedness places South Korea among the most heavily ___________________ countries globally. With debt standing at 105% of GDP in 2022, Korea ranked highest among major economies. What’s particularly concerning is the widespread nature of this debt, affecting nearly every household. The average family owes nearly twice its ___________________, creating deep anxieties about economic stability and the potential for long-term financial distress among millions of South Koreans. This situation isn't isolated—it affects almost everyone.
___________________, ___________________, credit cards, microlending, even small business debt and cosmetic financing all aggregate into a vast ___________________.