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.

1 Comments:

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

This comment has been removed by a blog administrator.

 

Post a Comment

<< Home