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Finance

FSC to tighten real estate lending limits for specialised credit firms, mandate PG payment risk checks

South Korea’s Financial Services Commission is seeking to strengthen rules on real estate lending by specialised credit finance companies such as card and capital firms, and to require card companies to regularly check payment risks at payment gateway operators. The plan introduces new sector limits for real estate and construction lending, and caps combined exposure with real estate PF loans. It also eases limits on rental business handling while keeping a ban on entering the short-term rental market.

Finance

Loan curbs keep volume caps but widen exemptions for housing supply funds

South Korea’s financial authorities are splitting real estate finance policy into household loan volume caps and support for housing supply. They plan to keep overall household loan management by financial firms, while exempting funds needed for housing supply, youth housing stability and end-user demand. August household loans rose 2.6 trillion won, down from July, but mortgage lending increased. Authorities will also ease some PF capital ratio rules for housing projects and expand supply-related funds.

Finance

FSS to step up financial support for housing supply, focus on 325 capital area PF projects

South Korea\'s Financial Supervisory Service will strengthen oversight and financial support for residential real estate project financing to bring forward housing supply in Seoul and the greater capital region. It will prioritise 325 projects, including residential sites in regulated capital-area districts scheduled for supply by 2027. The watchdog plans to expand dedicated staff, assign managers to each site and check progress. It will work with the transport ministry, LH and financial institutions to address delays and funding difficulties.