Finance minister calls for vigilance against rising household debt

Finance Minister Choi Sang-mok said Thursday that the government will stay vigilant against surging household debt and double up on effort to manage it in a stable manner. Choi made…

BOK chief defends rate freeze aimed at curbing household debt

Korea’s central bank chief on Tuesday defended the bank’s latest rate freeze decision, saying that the level of household debt is inching toward a point that can cause an economic…