Widening Household Debt Gap in South Korea Fuels Economic Inequality Spiral.
The study looked at economic inequality in South Korea from 2001 to 2015. It found that while income and consumption inequality didn't increase much, household debt inequality did. Wealthier people took on more debt for investments like real estate, while poorer people borrowed more for everyday expenses. This widening gap in debt usage could lead to economic instability and keep inequality persistent.