This chart shows Korea's household debt-to-GDP ratio rocketing to 89%

In fact, it may have jumped to over 90% by now.

According to Nomura, Korea‟s household debt-to-GDP ratio hit a record high 89% in Q3 2012. Given the sharp increase in bank loans to households, yet only modest gains in GDP in Q4, the firm believes the ratio may have now risen to over 90%.

Here's more from Nomura:

If the new government implements very aggressive measures to boost the property market (not our base case), we would expect to see household debt rise much faster than GDP, leaving the financial system vulnerable to adverse external shocks.

With household debt outpacing GDP growth, and with CPI inflation and GDP growth picking up from a very low base, we expect the Bank of Korea to keep rates unchanged at 2.75% this Friday and for the rest of 2013.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia