FSC Chief Nominee Vows Bold Steps in Restructuring Petrochemical, Steel Sectors

Write : 2017-07-18 08:25:39 Update : 2017-07-18 08:36:40

FSC Chief Nominee Vows Bold Steps in Restructuring Petrochemical, Steel Sectors

The nominee for the chairman of the Financial Services Commission(FSC) says he would take "bold" steps in restructuring the petrochemical and steel sectors.
 
Choi Jong-ku, CEO of the state-run Export-Import Bank of Korea, made the remarks on Monday during his parliamentary confirmation hearing.
 
Choi said that restructuring is a critical task and that he, if appointed, would step up restructuring efforts for the nation's ailing shipbuilding and shipping sectors.
 
The nominee also said he would appropriately control the pace of household debt growth.
 
Choi also said the government will gradually introduce tougher rules for home-backed lending or the debt service ratio(DSR).

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