TITLE

Ticking Time Bomb of Household and PF Debts

AUTHOR(S)
Kim Jung-sik
PUB. DATE
June 2011
SOURCE
Korea Focus;Summer2011, Vol. 19 Issue 2, p18
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
The article discusses the issue of household debts and personal finance debts in the financial industry of Korea. As stated, Korea can be dragged into another financial crisis if the prolonged real estate slump and rising interest rates sour the loans. As stated, the most important policy task for the Korean financial market regulators in 2011 and 2012 is to manage and control the soundness of loans to households and property developers.
ACCESSION #
64373407

 

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