Finance
Korean banks tighten household loans, cut mortgage limits and strengthen controls
South Korean banks are tightening household lending after the biggest year-on-year rise in bank household loans. KB Kookmin Bank capped home purchase loans at 300 million won and cut limits in the Seoul area and regulated zones. Shinhan Bank halted new mortgage applications via loan brokers and suspended new mortgage insurance sign-ups. Regulators are also expanding oversight, summoning regional banks to review compliance with household debt targets and second-half plans.
