South Korea\'s financial authorities are tightening overall household debt controls, raising the prospect of wider effects on the property market. Regulators lowered the 2026 target for household loan growth to 1.5 percent from 1.7 percent a year earlier and set a longer-term goal of cutting the household debt ratio to about 80 percent of GDP by 2030. Rules for multi-homeowners\' mortgages will be tightened, while penalties for illegal or improper lending will increase.

Hanpass, a mobile overseas remittance platform targeting foreigners living in South Korea, is pursuing a KOSDAQ listing after winning preliminary review approval from the Korea Exchange. It plans to use IPO proceeds for overseas expansion, service upgrades and new products, including an app for visitors and a loan comparison service. Revenue rose to 55.3 billion won in 2024, though it said accounting changes boosted the figure. It also outlined planned investments in Japan and Australia.