<Anchor> 



Today (4th), the heads of economy and finance gathered in one place and emphasized the need to manage risk well in difficult times.

The government explained the crisis situation by saying that it would come up with countermeasures, but it also means that low-income families with a lot of debt and the self-employed need to be prepared. 



This is reporter Im Tae-woo. 



<Reporter> 



Mr. Kwon Hyuk-jun, who runs a giblets shop, is worried about the coming of September. 



That's because the action that delayed repaying the principal and interest on the self-employed loan is due to end then. 



Then, starting in October, he has to repay the principal and interest of 1.8 million won to the bank every month, but the situation is tight due to the high inflation. 



[Kwon Hyuk-jun/President of the gopchang store: Vegetable prices have risen a lot right now, but 1.8 million won a month is not a small amount of money, so it’s a difficult part.] 



These self-employed loans have increased by 40% compared to just before the corona virus, to 1,000 trillion won. It is approaching, but there are concerns that it will become a deterrent to making private loans insolvent during an interest rate hike like these days. 



The Bank of Korea has diagnosed that if measures such as repayment deferrals are removed, the self-employed will, on average, spend 46% of their income on debt payments next year. 



[Lee Jung-wook/Director of Financial Stability Bureau, Bank of Korea (22nd of last month): It is necessary to be aware of the possibility that the risk of insolvency will become present centered on vulnerable households, the self-employed, and marginal companies.] 



The heads of finance, including the Deputy Prime Minister of Economy and the Governor of the Bank of Korea, gathered together today and emphasized that they would come up with measures to prevent such economic risks. 



When a recession approaches and money doesn't flow well, it's likely that the fast-calculating financial industry will tighten up loans more stringently. 



[Seong Tae-yoon/Professor of Economics at Yonsei University: I think financial support is also needed to prevent the low-income class from being harmed in the risk management process. 



] However, it is necessary to prepare additional meticulous management measures so that the burden of repaying loans does not lead to an economic crisis. 



(Video coverage: Park Jin-ho, video editing: Lee Seung-yeol)

Keywords: