Hole in Won

The Economist, May 31st

South Korea’s Household Debt

Hole in Won

“Seoul:  Korean households are struggling under mounting debt…Koreans personal finances are coming under strain.  The government is now explicitly seeking to reduce household debt.”

The title is a play on the golf term, hole in one, when the golfball goes into the cup in one stroke, a good thing.  The title here “Hole in Won” is rather deceiving as it conveys a difficult situation, a monetary debt problem with the won, the Korean currency.





Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: