Korea's Seong-Tae Lee on household debt oversight

To maintain the soundness of Korean household debt, policymakers must avoid a housing boom and bust cycle said Seong-Tae Lee, the governor of the country's central bank.

Speaking at a Bank of Korea/Bank for International Settlements seminar in March, Lee said that policy initiatives were required from the micro angle to targeting the housing and tax regimes.

Authorities should also redouble their efforts to construct effective systems for monitoring and supervising financial derivatives, the

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