Finance Minister Stresses Comprehensive Solution to Household Debts

Write : 2017-09-14 18:45:12 Update : 2017-09-14 19:49:40

Finance Minister Stresses Comprehensive Solution to Household Debts

Finance Minister Kim Dong-yeon has emphasized comprehensive, long-term measures to control growing household debts.

He also warned during a meeting Thursday with the heads of economy-related government agencies that unbridled household debts can restrain economic policies.

Kim said even though the risk of household debts spreading to the overall economy is small, the government needs fundamental solutions rather than one-time quick fixes.

Noting the problem has various causes, the minister said the government is focusing on a soft landing of the household debt problem and considering a wide range of measures, including support tailored for vulnerable debtors. 

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