Korea to Take Steps to Curb Household Debt If Needed, Kim Says
“For household debt growth, we have implemented a number of measures to bring it under control,” Kim said in the text of a speech. “We have made it clear that additional steps, if needed, will be taken to achieve our goal.”
Restructuring of the nation’s distressed mutual savings banks will pick up and there will be “no systemic risk” arising from them, Kim said. South Korean markets are resilient enough to deal with global shocks, he said.
To contact the reporter on this story: Seyoon Kim in Seoul at email@example.com
To contact the editor responsible for this story: Kyung Bok Cho at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.