Household debt growing at alarming rate
Debt-to-income ratio also second highest in country

Soaring household debt in Jeju coupled with the island’s rapidly-growing debt-to-income ratio are raising concerns that a growing number of local residents may not be able to repay their loans.

The latest report by the Jeju branch of the Bank of Korea shows that the average amount in loans shouldered by a household in Jeju last year was around 61.3 million won. That’s 24 percent higher than a year earlier, while nationally the figure grew at a much lower 9 percent.

The debt-to-income ratio here was also the second highest in the country.

Experts say the most troublesome fact is that around 60 percent of all household debt in Jeju consists of money lent either without collateral or with collateral that is hard to value, which could lead to a failure in repayment.

도내 대출 규모·증가 속도↑…가계부실 '우려'

도내 대출 규모와 증가속도가 가파르고,
부채상환부담률도 높아지면서 가계 부실 우려가 커지고 있습니다.

한국은행 제주본부가 발표한 제주지역 가계대출 현황과 평가에 따르면
지난해 제주지역 건수당 대출액은 6천 130여 만 원으로
전년보다 24퍼센트 증가했습니다.
전국 평균 상승률 9퍼센트를 크게 웃돌았습니다.

또 지역소득을 감안한 부채상환부담률도 전국에서 2번째로 높은 것으로 나타났습니다.

특히 담보가 없거나 담보가치 산정이 어려운 대출이 전체 가계 대출의 60퍼센트를 차지하면서 가계부실의 우려도 커지고 있습니다.