Article from Korean news source (in English) highlghts how low interest rates mean Koreans are struggling to save .. “Low interest rates on time deposits mean that Koreans can’t save the way they used to .. Until the 1990s, when the average interest rate hovered at around 10%, a common way to build up assets in Korea was to set aside a portion of wages in the bank every month as a time deposit – after a while, you would be able to buy property with the savings .. not any more .. “Korean consumers will have to live with such low-interest bank savings for a substantial period of time as the country’s central bank is likely to keep its benchmark interest rate in response to the continued quantitative easing of major economies like Japan and the European Union.” .. when you take into account the inflation rate in Korea, you have negative real interest rates, characteristic of financial repression.

LINK HERE to the source article

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