BOK Voices Woes over Financial Imbalance, Rising Debt Burden
8 Articles
8 Articles
The Korea Times
BOK voices woes over financial imbalance, rising debt burden
The Bank of Korea (BOK) said Tuesday it needs to raise its guard against accumulated financial imbalances, the rising debt burden in tandem with higher interest rates, and potential volatility in the financial and currency markets. In its financial stability report, the BOK said the country's financial system remains relatively stable on the back of the resilience of financial institutions and its capability to respond to external shocks. "But a…
Jang Yong-sung, a member of the Bank of Korea’s Monetary Policy Committee, assessed the economic situation on the 22nd, stating, “As housing prices in the metropolitan area continue to rise and pressure to increase household loans may intensify, there is a high level of vigilance regarding the accumulation of financial imbalances.” This implies that if the upward trend in apartment prices in major regions persists, housing purchase sentiment wil…
(Seoul = Yonhap News) Reporter Han Ji-hoon = The Bank of Korea stated on the 22nd that financial imbalances could widen due to rising housing prices in the metropolitan area and increased household loans, and that vulnerability due to rising interest rates...
Both the Bank of Korea’s Financial Stability Index (FSI) and Financial Vulnerability Index (FVI), which reflect short- and medium-to-long-term instability in the domestic financial sector, were found to be on an upward trend. This is due to the continued rise in housing prices, centered on the Seoul metropolitan area, and the increase in household debt. The Bank of Korea’s Monetary Policy Committee [held] the Financial Stability Meeting on the 2…
[Digital Daily Reporter Kim Nam-gyu] The Bank of Korea warned of the possibility that financial imbalances could accumulate again due to rising housing prices in the Seoul metropolitan area and an increase in household loans. It also assessed that while economic growth has expanded thanks to the semiconductor boom, the risk of delinquency and default is increasing in vulnerable sectors, such as the self-employed and small and medium-sized enterp…
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