Private sector debt, including that held by households and corporations, is almost double that of South Korea's gross domestic product (GDP) as of the third quarter.
 
The Bank of Korea said Monday that the nominal GDP to private sector debt ratio reached a record high of 182-point-six percent in the third quarter.
 
The ratio fell from 178-point-five percent in the fourth quarter of last year to 176-point-four percent in the first quarter, but again increased from the second quarter to break 180 percent.
 
The ratio compares the size of loans extended to households and enterprises with the GDP.