It voices concern about holding [Korea Financial News] Korean household is not a thing of yesterday, today unceasingly.
Continued to increase since 2000 and are expected to increase 9.8% to about 1,500,000,000,000,000 won by the end of 2017 compared to 2016. However, the severity of household debt is not in itself increase the size of that problem. Denmark, Switzerland, Australia, the Netherlands is high all over 120% GDP compared to household debt ratio did not suffer from the crisis.
The severity of household indebtedness is why individuals and households, rather than a problem of scale was into debt and take a look at the structural aspects of whether you can repay the debt well. Economic growth is a serious situation for the debt Reporting slower debt growth rate is not something that families received loans increased rapidly indebted for growth to pay off the cost of living and many other debts.
National Statistical Office, the Bank of Korea, Financial Supervisory Service, etc. are announced According to the 2016 household financial well-being survey "showed poles of household disposable income households to 165.4% of disposable income compared to the debt ratio in which the self-employed is shown as 214% in the future market If interest rates rise bear riding a repayment of a debt of households is greater.
In addition to the recent household debt Taken together, the research, 60 more than the senior generation of debt before three of the fastest and increasing available of disposal is exacerbated by the rapid financial soundness of the self-employed income, compared to repayment ratio of working families to 30.6% It is more than three times the situation. That is self-employed is that they are using at least 30% to pay off the principal and interest of the debt from the income and expenses that can be consumed freely except non-consumable expenditure. In addition, the ability to repay vulnerable children (1-2 quintile) income was found to increase the income to poor households living expenses and debt repayment for loans. The nature of the household while the problem is serious when the poles Korean household who is in debt and he is seen as a matter of ability to repay. However, the current situation of the household debt burden on the scale that some financial institutions are not evaluated, but the common people and low-income families with debt are not.
Among which real incomes are falling inflation and interest rates rise, people are spending money well is not the money to pay off the debt you lose hope in life.
The best way to solve the household debts is not an easy one, but one that requires long-term planning and execution to increase the one that is sustainable income increase income through the creation of quality jobs. Therefore, it is necessary to allow the assistance of low-income people and to mitigate the impact of long-term debt from ordinary financial institutions and public and private institutions in the debt restructuring. Jugeona forgive the debt to go give hope of life should also target salpyeoya wil be incinerated.
In this way long-term measures are essential if not much of the populace household debt restructuring in the process of household debt reduction can be seen as the inevitable result appears as.
However, ordinary people is difficult to find the way that suits you best among these various institutions. So in the second half of 2016 will be the role of the ordinary financial control tower 'ordinary Finance Agency, was launched in the integrated receive a one-stop financial services.
Microfinance, sunny theory, change deurimron, New Hope spores such similar roles, but in one place, integrating the ordinary Funding scattered in each institution to one under ordinary financial loan counseling can also entrepreneurship, financial education and consulting, consulting jobs so it was. As well as in conjunction with local governments, employment, welfare, plus center it was able to receive the financial assistance and employment assistance and welfare services.
However, people who have applied in our society? And many people does the financial system are indeed made for ordinary people? People who are responsible for counseling and education for the populace is How were equipped with sufficient capacity? For no social consensus for the common people, whether to many products made for people and institutions have for really tough debtors, those who do not hope to end pay us back the debt, such as ordinary financial institutions are being utilized well to throw a more basic question. Means of ordinary people in debt is to be growth and hope. So people should be financial need warm eyes, but the correct mature financial ethics of the people to reduce moral hazard.
Household poles require long-term respiratory naahganeun long and short term solve the difficult economic cooperation as the subject.
The government will go together to solve one force while the action rather than thought through a lot of discussion and a consensus on the political philosophy of household debt, focus on the process rather than the hasty result. Finance companies 'financial inclusion' (financial inclusion) and "financial integrity" and enforce loan services in terms of (financial probity) and hope to do our social responsibilities of financial companies and indebted also to financial consumers want to receive a loan expected or whether debt benefit, it will be judged throwing a reasonable question to yourself.
Korean household debt warning has been announced only recently been investigated also continues for more than 15 years been fundamental data. At least one thing, but one should not only look at the looks of a number.
There are many areas which can not be meaningful life a number of people. How necessary is when Orpheus household debt could grow if ordinary people and hopefully to escape from debts. People will have to finance the Orpheus role of household debt just what we are looking to do so, it is not just the looks you want to see. This practice seeing the invisible Hidden Numbers is to escape from old prejudices and customs jineunga why the debt is necessary.
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