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Solutions include lowering statutory maximum lending rates, expanding policy financing and mid-rate loans, increasing loans and loan guarantees.

The Korean government has employed comprehensive policy measures to manage household debt risks.

More attention needs to be given to borrowers' wider financial condition to ensure customized loan management.

It is necessary to redesign private pension management fee schemes so companies have incentives to compete and develop better products.

Jobs, education and skills development are needed to help elderly people lead a more stable life and contribute to the economy. 

Personal credit information could be an important determining factor in insurance underwriting and the calculation of premiums.

As financial technology options evolve, consumers need more information in order to protect their privacy and avoid fraud.

In the Republic of Korea, efforts are underway to adopt one of the most broadly used pension default options.

Cross-sectoral collaboration is essential to tackle the demand for new skill sets in the future.

Potential threats to the labor market with the onset of the Fourth Industrial Revolution are giving rise to quality assurance collaborations among TVET institutions.