The head of the financial watchdog said Thursday he will continue to make efforts to keep household debt under control and make the country's financial system resilient against external shocks.
Yoon Suk-heun, governor of the Financial Supervisory Service (FSS), told reporters that the FSS will pre-emptively come up with measures to prevent financial risks from spilling into the real economy.
The official cited household debt, corporate debt in some vulnerable sectors and sharp fluctuations in foreign exchange rates as potential risks this year.
"The environment surrounding the Korean financial sector is not good, including the trade dispute between the United States and China and the possibility of a contraction in the real estate sector," Yoon said.(Yanhap)
Kim Tea-moon firstname.lastname@example.org