South Korea began an \"EV Fire Peace-of-Mind Insurance\" scheme in July that compensates damage before the cause is determined. Policy terms allow insurers to seek recourse from vehicle owners or drivers, manufacturers including parts makers, importers, charging-facility owners or managers, or other liable third parties once fault is confirmed. Battery makers are excluded from insured parties and premiums, but can face claims if defects are found or if losses exceed coverage limits.

South Korean President Lee Jae-myung signalled the need for transitional measures after tighter controls on total household lending disrupted funding for balance payments by people who already signed home contracts. Speaking at a public forum on real estate policy, Lee responded to a participant who said reduced loan limits prevented a balance-payment loan for an apartment bought for owner-occupation. The Financial Services Commission chairman said authorities would consult banks to prevent excessive loan tightening.