Namki Hong “Review of measures against lending to households … Real estate, impact of past deregulation”



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Deputy Prime Minister Hong attended the Preliminary Committee of the National Assembly (9th) today and asked Democrat Lee Yong-seon to investigate the current state of household debt, saying: “The government is cautious about increasing debt. of families and is actively responding to the increase in the amount of household debt “. I answered.

However, he explained, “household debt has drastically increased by 7-10% per year under the previous government, but the rate of increase has decreased significantly to an average of 5% from 2017 to 2019 for the current government. “.

Deputy Prime Minister Hong commented on real estate policy: “As the effect of the policy goes in units of 4, 5 and 7 years, the effects of various deregulations in the past are still having a great impact.”

Furthermore, when Rep. Park Hyung-soo pointed out that “Korea ranks first in the OECD OECD real estate transaction tax”, he replied: frequent than in other developed countries “.

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