S. Korea eyes additional measures to curb household debt: finance chief

s korea eyes additional measures to curb household debt finance chief

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.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close