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According to the survey results, Korea's household debt ranks first among 30 countries in the world in terms of size and speed of increase. After all, there are many analyzes that the household debt problem can be solved only when the house price is stabilized.



This content was pointed out by reporter Jang Hoon-kyung.



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Last month, the price of apartments in the top 20% of the metropolitan area exceeded 1.5 billion won for the first time since statistics were compiled.



This is an increase of more than 270 million won from a year ago.



As house prices rise, mortgage loans are also on the rise.



Even if the increase has slowed due to the government's high-strength loan regulations, the increase last month was 5.3 trillion won, an increase of 1.3 trillion won from before the Corona crisis.



In a survey of 37 countries by the International Finance Association, Korea's household debt-to-GDP ratio in the second quarter was 104.2%, the highest among the countries surveyed.



Due to the rise in global housing prices, the debt of major countries increased by $1.5 trillion in the first half of this year alone.



The Korea Insurance Research Institute argued that comprehensive measures including housing supply measures should be prepared as household debt can rise again if house prices rise even if household debt is temporarily adjusted.



[Seong-Hoon Yoon/Senior Research Fellow, Korea Insurance Research Institute: I believe that stabilization of housing prices is absolutely necessary (for a soft landing of household debt) in the sense that an increase in household debt leads to an increase in house prices, and an increase in house prices leads to an increase in household debt. ] While the



Monetary Policy Committee of the Bank of Korea is expected to raise the base rate on the 25th, the Korea Development Institute (KDI) also pointed out that even if the base rate is raised, there may be a limit to controlling the increase in debt due to expectations for asset return.



In addition, he made a clear difference with the Bank of Korea, saying that an increase in interest rates alone could have a bigger side effect of shrinking consumption and investment.



(Video editing: Tae-ho Yoon, VJ: Hyeon-woo Park) 



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