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This paper analyzes the determinants and persistence of household default risk using KSHFL (Korean Survey of Household Finances and Living Conditions) 2012-2015. The default risk of household is measured by three indexes: subjective insolvency, delinquency and debt burden index. The panel regression analyses using KSHFL reveal the following results. Firstly, the risky householders have more unfavorable living conditions in education, residence, income and employment than the others. Secondly, the default risk of household is positively related with debt burden measured by loan to income, debt to asset, and negatively related with disposable income and its stability, real assets and financial assets. Thirdly, the default risk of household increases with the increment of loan, and decreases with the increment of real or financial assets. Fourthly, the default risk of households is persistent over time and the probability of persistency increases with loan increase, but decrease with liquidity increase.
