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Government to draw up measures to tackle household debt problem

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시급해진 가계부채 대책…6∼7월 중에 수시 발표한다The Korean government will soon announce plans to help curb the country's skyrocketing household debt.According to senior financial authorities,... President Moon Jae-in has ordered relevent ministries to devise such measures by August.... and if possible come up with some during this month and next, as well.The new administration previously vowed to introduce a cap on the debt-to-disposable-income ratio to prevent further growth weighing down the economy.Korea's household debt stood at a record high of over 1-point-2 trillion U.S. dollars at the end of the first quarter.Stricter regulations on loans,... as well as partial debt relief for those unable to pay are valid countermeasure options.Visit ‘Arirang News’ Official PagesFacebook(NEWS): http://www.facebook.com/newsarirangHomepage: http://www.arirang.comFacebook: http://www.facebook.com/arirangtvTwitter: http://twitter.com/arirangworldInstagram: http://instagram.com/arirangworld

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