More recently, however, some new factors making for instability in financial markets have emerged. They include the worsening of management status in some credit card companies and investment trust companies, the rise in the overdue ratio on household loans, and the increase in number of individuals on the bank’s credit blacklist.
Worse still, they act as a hindrance to economic growth, causing the shrinkage of consumer and business confidence. Therefore, it is important to resolve the problems posed by these destabilizing factors at an early stage through more intensive financial reform so that the Korean economy can enjoy continued growth.