[Korea Selected financial newspaper reporters] it suggests that concerns about the accumulation of household debt to increase the likelihood of spending constraints.
The Bank of Korea on the 6th and submit a 'household checks without conditions' document in Parliament livelihood Special Economic Committee, pharmaceutical, household financial welfare research, domestic and foreign related research such as the household debt has already spent in the country in light of the country household debt levels the possibility of there "he said.
As long as this, according to data compiled for 25 countries, disposable income than household debt ratio of 2015 horse Flow of funds statistics based Organization for Economic Cooperation and Development rider (OECD) countries (35 countries), South Korea than the average (129.2%) to 169.0% 39.8% points or higher.
2010-2015 household debt compared to disposable income ratio is the OECD average, but fell 0.5 percent, South Korea surged 21.4%, or rather points.
In household debt ratio in 2015 of the end of the nominal gross domestic product (GDP) and South Korea was 91.0%. Than the OECD average (70.4%) and 20.6% higher points.
Last year, the National Statistical Office, as long as households feel the burden of repayment in the 'household financial welfare 2016 Survey of Financial Supervisory Service (FSS) amounted to 70% of the total. Dual approximately 75% was estimated to actually reduce consumer spending and savings. Household debt is written beyond a certain level, the greater likelihood constrain consumption and growth.
However, the Bank of Korea said "the possibility that household debt problems will spread to the risk of the overall financial system is not high, financial instability looked less likely.
Nevertheless, the jipeot household income and assets both sides that repayment capacity is greatly increased compared to 2015. Vulnerable to 62 trillion won last year, the debt of the 'high-risk households' years (46.4 trillion won) in. High-risk households repayment rate (DSR) is more than 40% of all households have a debt exceeds the asset valuation.
The Bank of Korea ''s recent interest rate rise shows the movement there is a concern about the financial stability risk (risk) increases, said said, "We expect this increase is vulnerable to additional challenges and burdens.
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