New data finds that household debt per borrower surpassed 95 million won for the first time. That’s around 65-thousand U.S. dollars. 

According to data that ruling People Power Party Rep. Park Sung-hoon received from the Bank of Korea on Wednesday, the average loan taken out by a borrower of a household reached 95-point-05 million won as of the end of the third quarter. 

This exceeds the per-person household debt of 90 million won topped some three-and-a-half years ago.

Such growth came despite a sharp rise in the key interest rate from half a percent to three-and-a-half percent during the same period. 

The central bank also estimated that the number of borrowers of a household who took on debt reached 19-point-74 million at the end of the July-September period, the first increase in four quarters.

Rep. Park, who is on the National Assembly's Strategy and Finance Committee, said it is imperative to thoroughly manage household debt from rising sharply and to slash the household debt of the socially vulnerable.