[경제]Household debt surpassed 1,700 trillion won in the fourth quarter of last year… an annual increase of 125 trillion won

[경제]Household debt surpassed 1,700 trillion won in the fourth quarter of last year… an annual increase of 125 trillion won

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Last year’s household debt 125.8 trillion ↑… Largest in 4 years
Household loans in the fourth quarter of last year increased by 44.5 trillion won
Home mortgage loan growth expanded… Largest credit loan history

[앵커]

In the fourth quarter of last year, household debt exceeded 1,700 trillion won, raising a record high.

Household debt as a whole increased by 12.8 trillion won last year, the largest increase in four years since 2016.

Reporter Lee Jong-soo’s report.

[기자]

According to the Bank of Korea, the household credit balance at the end of the fourth quarter of last year was KRW 172.1 trillion.

This is an increase of 44.2 trillion won from the end of the third quarter of last year, the record high.

Household debt in the fourth quarter of last year increased by 7.9% compared to the same period last year, increasing the rate of increase in household debt for the fifth consecutive quarter after 3.9% in the third quarter of 2019.

As a result, household debt increased by KRW 12.8 trillion in total last year, the largest increase since KRW 139.4 trillion in 2016.

Household loans received from various financial institutions such as banks and insurance companies rose 44.5 trillion won in the fourth quarter of last year, recording the largest increase ever.

In particular, other loans, dominated by credit loans in the fourth quarter, amounted to 719 trillion won, an increase of 24 trillion won compared to the third quarter, the largest ever.

[송재창 / 한국은행 금융통계팀장 : 기타대출의 경우 주식 및 주택투자 수요 그리고 생활자금 수요 지속 등으로 전 분기에 이어 크게 증가했습니다.]

Mortgage loans amounted to 91.6 trillion won, an increase of 20 trillion won compared to the third quarter, the highest since the fourth quarter of 2016, after 24 trillion won.

Experts are concerned that household debt is growing at a very rapid pace.

Unlike the past economic crisis, they are concerned that in the Corona 19 crisis situation, a crisis due to insolvent household debt may occur.

In the middle of last month, the financial authorities said, “We will come up with a plan to advance household debt in order to establish the practice of examining loans based on repayment capabilities in the first quarter of this year.”

YTN Jongsoo Lee[[email protected]]is.

[저작권자(c) YTN & YTN plus 무단전재 및 재배포 금지]

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