Скачать или смотреть Isn't it too dangerous? Decreased sales, Increased loans

■ Since the onset of the COVID-19 pandemic, debts, especially among the vulnerable self-employed, have grown significantly. In recent months, high-interest lenders exhibited a rapid increase, raising associated credit risks.

■ The analysis finds that policy financial support to individual business owners positively affects their sales and hiring and prevents closings. Negative impacts are also found, such as personal credit score downgrades of small business owners who underwent closures soon after receiving the policy support.

● Author
OH. Yoonhae, Fellow at KDI

● Go to a related report
Debt Burden of the Self-employed: Risk Diagnosis and Policy Direction
https://www.kdi.re.kr/kdi_eng/art/172...

● KDI Website
http://www.kdi.re.kr/kdi_eng/main/