South Korean households earn less from interest profit
South Korean households
Seoul - Yonhap
South Korean households saw their income from interest-paying financial products drop by 13 trillion won (US$13 billion) over the last nine years, data showed Thursday, reflecting the country's low interest rate and ballooning household debt.
Households' net interest income, the excess earned from the spread between their interest income and interest payments, came in at 4.3 trillion won in 2012, shrinking from 17.4 trillion won in 2003, according to the data compiled by the Bank of Korea.
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