South Korea's Growing Household Debt (2020) [00:46]

Economics

Posted May 27, 2020, 12:23 AM UTC

157
Open_ThinkerOP•

This recent documentary is by Singapore's Mediacorp, which AFAIK is considered a reliable source. It describes the surprisingly high level of debt in South Korea, which has 40% of annual GDP on credit card purchases (compared to 18% in the USA). This debt level is fueling a bubble, which the documentary makers suggest is at risk of bursting due to the coronavirus.

1
eddyparkinson•

um, the 40% is not debt. ... this could be worded better.

the 40% is how purchases are made, compared to the US. It is not a percentage of debt.

-2
Open_ThinkerOP•

That is what I wrote, I did not say that the 40% is debt.

2
eddyparkinson•

Just a suggestion for you, hope it helps. Learn what a topic sentence is. Learn to avoid switching topics mid sentence. To understand topic sentences, Joseph Williams good.

-5
LumpyMushroom•

I don't think you comprehend/understand his sentence, the comma allows him to clarify and or pause his thought mid-sentence.

So first, his main subject of the sentence is:

It describes the surprisingly high level of debt in South Korea

then he adds a comma to clarify:

, which has 40% of annual GDP on credit card purchases (compared to 18% in the USA).

He was saying that 40% of the annual GDP are credit card purchases, not debt.

note: I know this entire conversation is a bit absurd but i couldn't resist!

1
eddyparkinson•

lol, yes agree the conversations is a bit strange.

> then he adds a comma to clarify:

I feel the comma is added to mislead, not to clarify, if you watch the doc, in the first 10min or so, both topics are explained. What Open_Thinker wrote, does not match the doc. The two are different topics and don't belong together in the way written above.

But yes, not sure I am adding any value to this, I should give up.

1
FLACDealer•

They’re very easy to get in South Korea.

1