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This Week in AsiaEconomics

In South Korea, mother’s murder of daughter lays bare deepening debt crisis

A mother’s 15-year prison sentence for her daughter’s murder illustrates the extreme human cost of South Korea’s spiralling household debt

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South Korea’s household debt-to-GDP ratio was the second highest among 38 major nations in the fourth quarter of 2024, according to the Institute of International Finance. Photo: Reuters
SCMP’s Asia desk
A woman in South Korea who killed her adult daughter after believing their family would never be able to pay off debts has been sentenced to 15 years in jail by the appellate court – up from an original 12 years behind bars.

The Korea Herald on Wednesday reported that Gwangju High Court upheld the woman’s conviction while imposing a heavier sentence on the accused, 60, who murdered her daughter, 33, on February 12, 2023.

The accused reportedly drugged her daughter and strangled her to death out of despair over a debt of 300 million won (US$217, 556) from the older woman’s restaurant business, with up to 60 million won under the victim’s name.

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The prosecution sought a heavier sentence, arguing the initial 12-year jail time was too lenient for the crime, adding: “The young daughter had dreams and she would’ve wanted to live, even if she had debt because of her mother.”

Delivering its ruling, the high court stated: “The defendant took the life of her family for an unacceptable reason of ‘psychological pressure for the victim.’ This is unacceptable.”

The Myeong-dong shopping street in Seoul. More South Korean teenagers have treated for gambling addiction in recent years, according to local statistics. Photo: Shutterstock
The Myeong-dong shopping street in Seoul. More South Korean teenagers have treated for gambling addiction in recent years, according to local statistics. Photo: Shutterstock

Mounting debt crisis

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