A man walks past street banner advertisement at a bank in Seoul that shows loan interest rates on June 25. (Yonhap)Korea's household debt is rising at an alarming pace, coming in second in terms of size and growth rate among major economies, data showed Monday.According to a report issued by the Bank of International Settlements, a financial institution based in Basel, Switzerland, the debt service ratio for households in Korea stood at 13.6 percent last year, the second highest among 17 major countries in the world, just behind Australia at 14.

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