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S.Korea's Lee calls for close look at household debt
Reuters - Thursday, March 25
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SEOUL, March 25 - South Korean President Lee Myung-bak on Thursday played down the likelihood of current household debt levels leading to financial uncertainties, but called for close monitoring of the pace of borrowing growth.
"In particular, President Lee called for a close look at trends in house prices and the construction industry, given that property accounts for a big part of household debt," the presidential Blue House said in a statement issued after an emergency economic meeting.
(Reporting by Kim Yeon-hee and Yoo Choonsik; Editing by Jonathan Hopfner)
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