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Household loans rise and multi-homeowner curbs set stage for tighter lending rules

Household lending across South Korea’s financial sector rose by 1.4 trillion won in January, reversing a month-earlier decline, while mortgage lending increased by 3 trillion won. President Lee Jae-myung raised fairness concerns over extending loan maturities for multi-homeowners, prompting regulators to launch inspections and form a joint task force. Authorities are also weighing broader application of debt service ratio rules and will announce this year’s household loan management targets after the Lunar New Year holiday.