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South Korea finance minister says no plans to directly curb household debt volume

Monday, February 22, 2016 - 14:04

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South Korea's finance minister said on Monday the government has no plans to directly curb the volume of household debt at the moment and said measures that have been taken to improve the quality of debt are more important.

[SEOUL] South Korea's finance minister said on Monday the government has no plans to directly curb the volume of household debt at the moment and said measures that have been taken to improve the quality of debt are more important.

"Volume is important, but I would like to inform you we have no plans to directly control or decrease the volume of household debt," said Finance Minister Yoo Il-ho during a press conference for international media.

"Rather, I feel it is more desirable to improve the structure of household debt, which has been ongoing through measures announced last year."

REUTERS

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