Financial Risk Response Group Meeting… “Concerns about using excessive leverage”
(Seoul = Yonhap News) Gyu-sang Do, Vice Chairman of the Financial Services Commission, is conducting a non-face-to-face video conferencing meeting at the Seoul Government Complex in Jongno-gu, Seoul. 2021.1.12
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(Seoul = Yonhap News) Reporter Lim Soo-jeong = Vice-Chairman of the Financial Services Commission Gyu-sang Doh said on the 12th, “I urge you to strengthen the special management of the banking sector for high-priced credit loans, especially those that are difficult to see as emergency living and business funds.
Vice-Chairman Do said, “There is a view of concern about investment in assets such as real estate using excessive leverage,” in a speech at the meeting of the Financial Risk Response Group.
The government of Gumyung has issued warning messages every day about the possibility of overheating the’debt investment’ (investment by debt) as bank credit loans showed an increase again at the beginning of the year.
In particular, the atmosphere is focusing on preemptively blocking the possibility that loan funds will be directed to specific asset markets such as stock markets and real estate.
The previous day, the Financial Supervisory Service also held a video conference with executives in charge of loans from major banks and ordered them to continue managing household loans.
Vice Chairman Do emphasized, “We will do our utmost to manage the growth of credit loans while closely monitoring whether or not credit loan funds are shifted to specific asset markets.”
(Seoul = Yonhap News) Reporter Shin Joon-hee = Customers who visit a bank loan in Seoul on the 5th are receiving counseling.
Bank loans are likely to take a breather at the beginning of the year, as banknotes, which had stepped into tightening household loans at the end of the year, resumed non-face-to-face credit loans one after another, and some banks eased measures to reduce their maximum credit loans. 2021.1.5 [email protected]
However, the Financial Services Commission diagnosed that the balance of the five major credit loans has increased by about KRW 2179 billion (as of the last 8 days) this year, and that compared to the second half of last year, it is still relatively stable.
Discussions were also held on the progress of the small business support program, the situation of funding support for small and medium-sized companies, and difficulties.
Vice-Chairman Do said, “As there is a possibility that difficulties will persist, especially in the vulnerable sector, we will continue to provide funding for small businesses and SMEs this year.”
In response to the third spread of the new coronavirus infection (Corona 19), he also asked for thorough preparations so that the new and expanded financial support program for small businesses can be operated from the 18th.
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2021/01/12 11:15 sent