South Korea finance minister says no plans to directly curb household debt volume
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s export growth picks up, supporting outlook
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US