VisualMod t1_iu7rg37 wrote on October 29, 2022 at 5:16 AM

#306,740

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VisualMod t1_iu7rgiu wrote on October 29, 2022 at 5:17 AM

#306,743

>The Korean credit crisis is a direct result of the country's high levels of inequality. The rich have gotten richer while the poor have been left behind. This has led to a situation where the middle class is now struggling to make ends meet. The Korean government needs to take action to address this issue or else they will continue to face economic problems down the road.

[deleted] t1_iu7riqe wrote on October 29, 2022 at 5:17 AM

#306,753

[removed]

taafbawl OP t1_iu7rvru wrote on October 29, 2022 at 5:22 AM

#306,801

Replying to VisualMod (#306,743)

The Korean crisis is a result of China economic collapse: Change my mind

Educational-Tone2074 t1_iu7tcwj wrote on October 29, 2022 at 5:40 AM

#307,013

Replying to taafbawl (#306,801)

Things are definitely worse in China than they are letting on. No doubt Korea is exposed to that.

HoiPolloiAhloi t1_iu7vvvm wrote on October 29, 2022 at 6:15 AM

#307,415

Korea economy has been in a slow down since 2015s, early indications are their youth and graduate unemployment rate which is high for an advanced OECD country

EmerickMage t1_iu7whsn wrote on October 29, 2022 at 6:23 AM

#307,500

So when yields of bonds go " sky high" is that because investors are dumping bonds because they don't believe the issuer will be able to keep paying th bond patmyments?