The FSC held a meeting with the relevant authorities and industry organizations on August 10 to check the current household debt situation. With regard to the recent growth in the amount of household loans since April, the authorities assessed that it has been caused in part by the thaw in the housing market and that the current level of expansion does not pose a threat to financial stability at the moment. However, the authorities agreed that it is necessary to preemptively control the growth of household debt by looking into lenders' lending practices and provision of policy mortgage loans and exploring various measures to seek qualitative improvement in the structure of household debt. At the meeting, FSC Secretary General Lee Se-hoon said that although household debt is not at an alarming level currently, it is important to have a long-term perspective and preemptively manage risks associated with household debt. In this regard, Secretary General Lee said that the authorities will continue to work on both quantitative and qualitative management of household debt so that it does not pose a threat to financial stability or act as a structural hindrance to the growth of our economy.