Financial Authorities to Announce Household Debt Management Plan in April Considering LH Incident
Impact of LH Speculation Allegations
[Asia Economy Reporter Park Sun-mi] Financial authorities are scheduled to announce household debt management measures in April.
On the 23rd, the Financial Services Commission and the Financial Supervisory Service stated, as initially announced, they aimed to announce household debt management measures within this month and have been consulting with related agencies, but the announcement date has been postponed to April due to the aftermath of the LH scandal.
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A financial authority official explained, "Regarding the recently raised LH speculation allegations, opinions have been raised that additional regulatory adjustments are necessary for managing non-housing collateral loans and household debt in the non-bank sector," adding, "Therefore, considering comprehensively the upcoming government-wide LH-related measures and the first quarter household loan trends, the household debt management measures will be finalized and announced in April."
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