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Finance

Lee orders financial watchdog to check loan loophole despite curbs on expensive home borrowing

South Korean President Lee Jae-myung (이재명) said restrictions on borrowing to buy expensive homes could be sidestepped if those homes are later used as collateral for business loans. He asked financial authorities to review possible system fixes and questioned the level and effectiveness of a proposed macroprudential levy on loans tied to high-priced homes. Financial Services Commission Chairman Lee Eok-won said authorities have checks to prevent misuse of business loans and would tighten oversight.

Crypto

Hoskinson says RealFi testnet is key pillar to grow Cardano DeFi

Charles Hoskinson (찰스 호스킨슨) has described Cardano\'s RealFi as a core service that can raise total value locked and on-chain transactions. He said the protocol structure locks deposited assets to generate returns that are redistributed, creating on-chain activity through deposits, withdrawals and yield distribution. His comments followed early traction for the phase-one testnet, with more than 1,000 participants and nearly 500 verified wallets. RealFi aims to link DeFi with real-world finance services.

Finance

Jeonse loans should focus on vulnerable households; fees needed for large loans

Kim Iuck-hyun (김이억원), chairman of the Financial Services Commission, said he will reflect a range of views on property lending policy in measures to manage household debt and protect end-users. At a public forum in Seoul, experts urged differentiated rules, including limiting guaranteed jeonse loans to vulnerable households while expanding support for them. Others called for moving beyond uniform loan caps and imposing macroprudential fees on high-priced homes, multi-homeowners and large borrowers.