net disposable income Archives

Household Loan Policies Produce Undesirable Consequences

SEOUL, May 13 (Korea Bizwire) – More than one hundred days have passed since the Korean government established new guidelines for credit checks, leading to more rigorous income evaluations for loan applicants. The policy is part of efforts to ease the national economic debt burden, which now stands at over 1.2 quadrillion won in household [...]

Elevated Household Debt Weighs on Many Households in Korea

SEOUL, Mar. 21 (Korea Bizwire) — A growing number of South Korean households had difficulties paying off their debt with their income last year, data showed Sunday, raising concerns over their financial stability and shrinking domestic consumption. “Marginal households” whose debt-to-disposable income ratio is over 40 percent tallied at 1.58 million, accounting for 14.8 percent [...]