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Finance

Mortgage loan curbs push borrowers into credit loans, tightening financing for end users

As mortgage loan regulations expand, financing conditions for end users are tightening. Banks are increasingly turning borrowers away at the consultation stage, prompting some to cover shortfalls with credit loans. Demand has shifted to mutual finance lenders, but they are also restricting lending, while savings banks face tougher volume caps. Authorities have capped some savings banks’ household loan growth at 0 percent, raising concerns that borrowing is shifting from mortgages to higher-rate credit loans.

Finance

Korean banks\' household loans return to growth after four months, up 500 million won

Household loans at South Korea\'s deposit banks rose in March for the first time in four months, increasing by 500 million won from the previous month to 1,172.8 trillion won, Bank of Korea data showed. Mortgage lending was flat at 934.9 trillion won, while other loans rose by 500 million won to 237.1 trillion won. Across all financial institutions, household loans increased by 3.5 trillion won in March, the Financial Services Commission and Financial Supervisory Service said.

Finance

Saemaul Geumgo to step up productivity-focused AX drive this year

Saemaul Geumgo Federation said it held a 2026 key business briefing on Feb. 5 at its headquarters in Seoul. Chairman Kim In (김인) and staff, along with regional headquarters chiefs nationwide, reviewed major achievements from the past year and shared strategy and business direction to respond to changes in the 2026 management environment. The federation plans to prioritize balanced development with local communities, stronger financial soundness, broader social solidarity finance and a productivity-focused AX drive.