Seungbeom Ko: "No Suspension of Jeonse and Group Loans... Temporary Acceptance of Household Debt Total Volume Management"

Financial Services Commission Chairman Ko Seung-beom is answering questions from the press after the opening ceremony of the investor education platform 'R2 Plus' held at the Korea Financial Investment Association in Yeouido, Seoul on the 14th. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Kim Jin-ho] Ko Seung-beom, Chairman of the Financial Services Commission, stated on the 14th, "We will ensure that there is no suspension of jeonse loans and group loans until the end of the year."

Chairman Ko met with reporters after an event held at the Korea Financial Investment Association in Yeouido, Seoul, in the morning and said, "We are aware of recent concerns related to actual demand," adding, "We will apply total volume regulations flexibly for jeonse loans until the end of the year."

He continued, "Due to the increase in jeonse loans, even if household debt rises above 6% this year, we intend to temporarily tolerate it."

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