It showed that require monitoring for small business owners with high loan repayment burden of the [South Korea Jeongseon financial newspaper reporters] interest rate rises.
24 days, according to the self-employed loan quality material that the Bank of Korea announced last year, the end of the self-employed have received loans from financial institutions including banks appeared to 480.2 trillion won. The end of 2015 (422.5 trillion won) 13.7% (57.7 trillion won) levels increased. Household debt of about 1 million people rating it received from the Nice analysis of the microeconomic data.
Business loans of 308.7 trillion won self-employed loans, household loans totaled to 171.5 trillion won. Scale operators have simultaneous loans and household loans was estimated at 403.2 trillion won also.
By the banking sector banks had 347.2 trillion won in the lead up to 72.3% of the total (262.4 trillion won business loans, household loans 84.8 trillion won). Savings banks, mutual non-banking finance appeared in 133 trillion won (46.3 trillion won business loans, household loans 87.7 trillion won).
By looking at the real estate leasing sector loans (39.3%), wholesale and retail trade (15.7%), food lodging (9.8 percent). The Bank of Korea explained, "higher proportion of financial assets compared to liabilities ratio of household delinquency experience, such as poor low, but market 'retailers, for restaurants entrepreneurship and closures are frequent and short side project period compared to other sectors" said .
According to a survey of household financial welfare Bureau of Statistics, the average debt in March of last year, based on the total self-employed households is about 1.5 times the 100 million workers Commercial Furniture (77 million won) 1300 million. Financial income debt ratio (LTI) of self-employed households atda exceeded the commercial workers (119.5%) to 181.9%.
Business owners can dispose of household income principal and interest repayments ratio (DSR) is higher than that of regular workers households (30.5%) to 41.9%. Self-employed households share one years of 4.9% is also one of the furniture for more than 30 days overdue debt more than twice the number of regular workers (1.7%).
As "subsistence households' income of self-employed persons belonging to the bottom 40% (1-2 quartile) is the end of last year March current 696 000 households (23.8%), loans to 9.9% (42.8 trillion won) of all self-employed loan It was estimated.
Restaurants, retail is big and the share of subsistence households, particularly subsistence 624 000 households were mostly small-scale self-employed households with no paid employees.
The Bank of Korea (BOK) 'it is necessary not only to evaluate the delinquency rate in the overall consideration of business conditions, borrower repayment burden' quality of self-employed loan may be sensitive to economic fluctuations than other loans, "said he said.
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