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Finance

Korean banks tighten lending standards ahead of government property measures

South Korea\'s financial sector is raising lending hurdles ahead of a possible government property package as early as next month. Banks are tightening self-imposed rules, including reducing credit loan limits and strengthening management of overdraft facilities, even as decisions on mortgage and jeonse loan curbs remain undecided. Markets are watching possible tighter jeonse loan guarantees and renewed focus on second-tier lenders. Internet-only banks are also cutting limits as demand shifts.

Finance

Tighter household debt cap adds double pressure on loans and property market

South Korea\'s financial authorities are tightening overall household debt controls, raising the prospect of wider effects on the property market. Regulators lowered the 2026 target for household loan growth to 1.5 percent from 1.7 percent a year earlier and set a longer-term goal of cutting the household debt ratio to about 80 percent of GDP by 2030. Rules for multi-homeowners\' mortgages will be tightened, while penalties for illegal or improper lending will increase.

Finance

Korea\'s three internet-only banks extend CEO terms, face test of growth limits

The heads of South Korea’s three internet-only banks are set to win new terms, with K Bank and Toss Bank naming sole CEO candidates and KakaoBank already reappointing its chief for a fifth term. The banks cite achievements including an IPO, profitability gains and platform expansion. They now face a tougher environment as regulators push higher lending to mid- to low-credit borrowers and as delinquency metrics run about double those of the four major banks.