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S.Korea to cut key household debt ratio by 5 percentage points by 2017-Park
February 25, 2014 / 1:35 AM / 4 years ago

S.Korea to cut key household debt ratio by 5 percentage points by 2017-Park

SEOUL, Feb 25 (Reuters) - South Korea President Park Geun-hye said on Tuesday the government will aim to lower the ratio of household debt to disposable income by five percentage points by 2017.

Park said during a televised speech the government will seek to rebalance the economy through a series of structural reforms with the aim of increasing the potential economic growth rate to 4 percent by 2017.

Reporting by Se Young Lee; Editing by Paul Tait

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