Self-employed people aged 65 and over who are in debt... their debts are 10 times their annual income = South Korea

A study has found that self-employed South Koreans aged 65 and over who have received loans from financial institutions have debts that exceed their annual income.
On the 27th, Kim Hyeon-yeol, a researcher at the Korea Institute of Finance, said, "The current state of debt of elderly self-employed people
Kim revealed this in a report titled "Suggested Points and Implications." After analyzing data from the Korea Credit Bureau (KCB), a credit information company, he found that as of the end of the second quarter (April to June),
It was shown that the average total outstanding loan amount of self-employed debtors aged 65 and over was 450 million won (approximately 49.28 million yen).
This is the average amount of 230 million won (about 24.1 million yen) for self-employed people in their 30s.
The average annual income of self-employed debtors aged 65 and over was calculated to be 46 million won (approximately 5.04 million yen).
It was done.