So the overall impression is that in general the families with debt also have incomes to service it. Furthermore, households with debt are usually also those that hold the most assets besides their homes, i.e. financial assets and pension savings. Basically, this is reassuring, but new preliminary analyses represent a dark cloud on the horizon.
Dear fellow members of the Bank of Korea, Given the challenging conditions facing the Korean economy, expectations of the role of the central bank have become higher than ever. The policy environment around us can however be described as one of “radical uncertainty,” since the directions and speed of changes are very hard to understand.