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Dongtan, Giheung, Guri designated as regulated areas; mortgage LTV set at 40 percent

South Korea designates Dongtan in Hwaseong, Giheung in Yongin and the city of Guri as regulated areas, tightening housing-related lending rules. From July 1, the mortgage loan-to-value ratio in the areas falls to 40 percent from 70 percent under non-regulated standards, while some categories such as first-time home purchases and policy mortgages apply eased ratios. Jeonse loans, large credit loans and business loans for home purchases also face tighter limits.