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.

South Korea will partly expand the scope of in-person services allowed for internet-only banks while keeping the principle of non-face-to-face operations. The Financial Services Commission approved measures to allow exceptions for consumer protection and inclusive finance, including debt restructuring support, corporate loan screening interviews, and checks for forged documents. It also allowed in-person verification tied to mortgage and jeonse loans, collateral inspections and certain administrative limits. The three internet-only banks must report plans in advance.