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Korea's overall outstanding household debt reached a record 1.49 quadrillion won in the second quarter of 2018. It's a 7.6 percent rise from a year earlier. However, the rise in household debt has slowed down and has been falling since it hit 11.6 percent in the fourth quarter of 2016. Household debt is comprised of household loans and credit card spending. The slowdown has been attributed to efforts to curb speculative property investments since last year.
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