Friday, December 30, 2005

Bankrupcy in Korea

The JoongAng Ilbo quotes the "Institute for Monetary Economic Research" on a statistic that up to 1.2 million people are on the verge of bankruptcy. According to the National Statistics Office, Korea has around 14 million households, which means almost 1 in 10 homes have somebody on the verge of bankruptcy. Either somebody needs to check their figures, or this is truly disturbing as people claim a recovery of the Korean economy.


At January 25, 2006 12:29 PM, Anonymous Anonymous said...

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