Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance / Photo = Yonhap News
On the 30th, Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki said, “We will seek a wide range of directions to limit the increase in household debt as much as possible and to provide loans within the scope of repayment capacity for consumers who need loans.” It will be prepared and announced,” he said.
Deputy Prime Minister Hong held a macroeconomic and financial meeting with the Governor of the Bank of Korea, the Chairman of the Financial Services Commission, and the head of the Financial Supervisory Service at the Bank Hall in Seoul on the same day and said, “It is believed that household debt, which has rapidly increased due to expanded liquidity in the course of responding to COVID-19, can act as a risk to the Korean economy. We will discuss the management plan under a common understanding,” he said.
He added, “Today, after additional inspection and discussion, the management plan will be announced in October.”
Kim Soo-young, reporter at Hankyung.com [email protected]
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