| Title |
Study on Management Plan of the Financial Supervisory Service According to Increase of Risk of Household Debts |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2018.19.2.096 |
| Keywords |
Household Debt ; Housing Policy ; Base Rate ; Failure Hazard ; Management Plan |
| Abstract |
The government adopted activation policy of real estate to overcome low economic growth rate. Real estate activation plan adopted by the government raised credit limit by lowering the regulation, and reduced real estate investment cost by reducing the base rate. Also, delayed transfer tax on multi-house owner to activate real estate investment and resolved purchase right resale. Relief of real estate regulate caused increase of housing sales and price increase, and the real estate market changed to overheating aspect such as premium upon completion of lot sale in a short time. Such market atmosphere greatly increased household debs as owners own houses based on 'financial debt' instead of their income. Since 2017, real estate policy was reinforced to reduce household debts and lending rate was raised due to rise of base rate, accordingly, burden of household debt is expected to increase. This research suggested a plan for the Financial Supervisory Service to efficiently manage the financial world by analyzing the cause and problem of household debs. |