Sumary of S. Korea eyes additional measures to curb household debt: finance chief:
- 15 (Yonhap) — Finance Minister Hong Nam-ki said Wednesday the government will explore additional measures to curb household debt, including tighter lending rules at non-banking institutions, if needed.
- Hong said the country will seek to minimize the impact of lending regulations on people who try to take out loans to find houses on lease.
- Since July, the FSC has applied stricter lending calculations for mortgage loans, called the debt service ratio (DSR).
- Additional lending regulations are under review as people have flocked to non-banking institutions to borrow money to avoid stricter rules on bank loans.