이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Korean President demands guideline to rein in household debt and real estate by Aug
- Collected
- 2017.06.02
- Distributed
- 2017.06.05
- Source
- Go Direct
“Be honest with the realities with the public, and come up with mid and long-term structural solutions,” Moon told his secretariat staff on Thursday.
Household loans surged by more than 4.6 trillion won ($4.1 billion) in April from a month ago, the biggest on-month jump in five months as consumers rushed to borrow debt before they go higher and the liberal government clamps down on the property market. Total household credit balance hit 1,359.7 trillion won in the first quarter of 2017.
Housing market has been showing signs of overheat with prices in redevelopment apartments gaining 50 million won in just a week.
Industry watchers believe the liberal government under Moon is expected to revive the cap on mortgage-backed loans - the loan-to-value (LTV) and debt-to-income (DTI) ratios - that were eased in 2014 by then deputy prime minister Choi Kyung-hwan under previous conservative administration in an aim to kick-start the sluggish domestic demand through spending on housing.
Kim Hyun-mee, ruling Democratic Party politician who was named to lead the land, infrastructure and transport ministry in charge of real estate measures has been championing tightening in the LTV and DTI regulations.
Previous liberal President Roh Moo-hyun, under whom Moon had served as chief of staff, had been hard on real estate measures and property taxes, and Moon’s administration may revive stronger regulations in speculative zones.
By Chung Seok-woo and Chung Seok-hwan
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]