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Finance

Household loan cap raised to 3 percent; scraping to be phased down

South Korea’s financial authorities loosened parts of their household loan management stance by raising this year’s lending growth target to 3 percent from 1.5 percent and planning 47.8 trillion won-plus in housing supply finance support. The move is expected to expand banks’ annual capacity for household loans to around 60 trillion won. Authorities also agreed not to block scraping all at once, opting to phase it down while preparing alternatives such as public MyData.

Finance

Exchange makes first application of tougher delisting rules; 36 low-priced and low market cap stocks flagged

South Korean bourse rules tightening delisting requirements are being applied in earnest, prompting 36 stocks to be designated as watchlist names. The Korea Exchange said 24 issues were flagged for trading below 1,000 won for 30 sessions, while 9 fell short of market capitalisation standards. Three failed both. The revised listing rules took effect on July 1 and strengthen listing maintenance requirements based on price and market value.

Finance

Exchange expects around 50 Kosdaq firms to be delisted this year for falling short of market cap

The Korea Exchange expects around 50 Kosdaq-listed companies could be delisted this year for failing to meet market-capitalisation requirements, as delisting standards are tightened on the market\'s 30th anniversary. The exchange has raised minimum market-cap and share-price thresholds for maintaining listings, and also strengthened rules for penny stocks. It said delisting procedures will proceed immediately when conditions are met, without an objection process.