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South Korea Debt Fix Risks Hurting Economic Growth Trend

23/12/2015

The gist of the new South Korean policy is that taking out mortgage loans will become tougher

In a recent article published on Bloomberg, Oh Suk Tae, Economist at Societe Generale, commented  the current situation of the household debt in Korea:

“There is no free lunch, no policy that can boost domestic demand while curbing debt growth. The gist of the new policy is that taking out mortgage loans will become tougher. That’s a definite negative for the property market and also for consumption.”
Oh Suk Tae, Economist at Societe Generale

To read the full article, please visit: www.bloomberg.com