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Search results for Korea Federation of Banks

Finance

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.

Finance

Banks to apply step 2 stress DSR to non-capital mortgages in second half

South Korean banks will continue to apply the step 2 stress DSR standard to home mortgage loans outside the capital region in the second half of this year. Mortgages in the Seoul metropolitan area and in regulated zones will be assessed under the step 3 standard, while regional mortgages keep a more relaxed stress-rate approach. The Korea Federation of Banks said the step 2 standard applies from July 1 to Dec. 31 under revised administrative guidance.

Finance

Supply chain reshuffle, tech rivalry deepen; call grows for more precise financial policy

Calls are growing to redefine the roles of policy finance and private finance and to change not only the scale of funding but also how it is allocated, as supply chain uncertainty and technology rivalry intensify. Speakers at a Seoul seminar said financial policy should be refined to support strategic industries, small manufacturers and early-stage innovators. They also cited the need to expand direct finance and venture capital, improve exit markets and strengthen expertise at financial institutions.