President Lee Jae-myung publicly praised FSC Secretary General Kwon Dae-young for leading South Korea's latest lending curbs, highlighting the government's commitment to household debt management and support for small business owners facing mounting debt.
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Kim Byung-hwan - 'Introducing Equity-Based Housing Finance - Not Flip-Flopping on Loan Policy'
FSC Chairman Kim Byung-hwan announces plans to introduce equity-based housing finance to reduce debt burden, emphasizing policy consistency amid changing economic conditions
Kwon Dae-young - 'No Time to Hesitate on Lowering Loan Rates... Immediate Adjustment Needed'
Financial authorities urge immediate loan rate cuts, emphasizing no time for hesitation amid market rate changes and public dissatisfaction with banks' slow response.
Banks to Receive Incentives for Increasing Regional Mortgage Loans; DSR Income Screening to be Strengthened
South Korean financial authorities unveil 2025 household debt management plan, offering incentives for regional mortgage lending while tightening income screening for certain loans
FSC Chairman Kim Byung-hwan urges banks to reflect base rate cuts in loan interest rates, maintains tight household debt management, and plans to address regional unsold apartments while accelerating ongoing financial policies.
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