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Kwon Aeri's friendly economy starts. Reporter Kwon, there has been a steady stream of reports that our household debts are rising too much and too quickly. Now is the time to pay attention.

<Reporter>

Yes, the International Financial Association's IIF released the latest statistics in the first quarter of this year, and saw 39 major countries in the world.

The EU and Europe are hit by one country. Here, Korea is the country with the largest household debt to GDP.

In fact, this is not the first time we've been ranked first in this quarterly survey, but it's been one of the largest countries in terms of household debt.

By the way, it is already the first place in the household debt scale, but it is a bit of concern that the debt growth rate is still one of the fastest.

In the first quarter, Korea's household debt to GDP was close to 98%. It was 6% higher than a year ago.

This rise is the third largest in the world in the first quarter of the world, after Hong Kong, where household debt has risen to 82% of GDP and China, which has now risen to 59%.

Then how was the second quarter, not less than the first quarter? As of the end of last month, the amount of household loans in Korean banks increased by more than 8 trillion won from May, the largest increase since 2004 in June alone.

In the first half of last year, household loans, which seemed to have been suppressed a little, started to rise sharply again from the second half of the year, and the momentum continues to increase.

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The reason for this rapid increase is that the increase in real estate loans will also increase.

<Reporter>

Yes, some of the loans for living funds are also part of the corona phase, but there is also a lot of money flowing into real estate. There is a paradox to the surge in household debt.

First of all, it is said that there are many people who can afford debt, and since the price of assets is rising, the atmosphere of gaining assets even if you pay debt becomes dominant, and then you will not be more afraid of increasing debt. .

However, as the future of the economy is not transparent, it is clear that the current household debt growth rate is unstable.

Particularly, the problem is that if this atmosphere continues, our economy can fall into a more difficult situation where we have to catch two rabbits running in different directions at the same time.

One of the biggest anxieties in our economy today is a steady increase in house prices.

You have to stabilize this at least, or return anything that has soared, but if the household debt going to real estate continues to increase, even if you succeed in stabilizing the house price, there is another great burden.

If there are a lot of people who have collected so-called souls and owed them, the price of real estate purchased like that will inevitably hurt households and will have a negative impact on the economy.

After all, even if the real estate overheating situation is quickly settled down and it is not excessive, it is a situation in which a bigger belief that a future can be saved even if you do not owe it now can help you avoid new problems.

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difficult story. Debt is an asset anyway, but it can have side effects if you pull your soul and pay it this way. Sounds like this, isn't our corporate or government's debt growth rate as fast as household debt?

<Reporter>

Yes, the government's debt was ranked 28th out of 39 countries in the first quarter. The rate at which government debt has increased is also in the middle of the 23rd.

As this is a statistic until the first quarter, the situation in the second quarter should be revisited, but voices of concern about the pace of the increase in our national debt are gradually rising in the phase of corona recovery.

Of course, we have to do it, but in fact, among the major countries in similar difficulties, our government still has some room.

Corporate debt was seventh out of 39 countries. The rate of increase was the fourth fastest. Korean companies tended to expand their loans to prepare for the crisis in the first and second quarters.

In the future, how you can get through the corona game with the cash you have secured will be one of the important factors in the direction of our game.