Lee Bok-hyun "Possible to expand household debt due to interest rate cut...Thorough management".

In response to the Bank of Korea's decision to cut interest rates by the Monetary Policy Committee, Financial Supervisory Service Director Lee Bok-hyun stressed thorough management, saying household debt is likely to expand at any time.

Director Lee Bok-hyun told a meeting to check the financial situation that if household debt risks persist, we will maintain a thorough management stance so that we can implement them boldly in time by utilizing all necessary supervisory measures.

Director Lee evaluated that the market rate is lower than the base rate by reflecting the base rate cut in advance, and that uncertainty in the financial market remains high in the future considering the expansion of the market's demand for funds.

At the same time, he said he would actively guide the reorganization of insolvent project financing sites such as hard and short sales as there is a high possibility that the reorganization of insolvent project financing sites will be delayed by taking advantage of interest rate cuts.

Lee also stressed the need to strengthen health management by intensively checking the delinquency rate management plan as there is a time lag until domestic demand recovers despite the rate cut.