South Korea doing what the rest of the world should be trying to do

Central bank governor Kim says South Korea is trying to grow itself out of debt. The focus, he said, during an apperance in New York, is to grow the economy on order to contain high household debt levels.

The US and virtually all other developed economy should take a page out of South Korea's book as growth is the only way to deal with burgeoning debt levels. Austerity alone will not do the trick.