S. Korean wage workers' debt falls in 2022

SEOUL, March 28 (Xinhua) -- South Korean wage workers' debt fell in 2022 due to rapid interest rate hikes, statistical office data showed Thursday.

Debt owed by wage and salary workers to banks and non-banking financial institutions averaged 51.15 million won (38,000 U.S. dollars) at the end of 2022, down 1.7 percent from a year earlier, according to Statistics Korea.

It marked the first reduction since r