Policy Loans Favoring Multiple Homeowners to Be Phased Out
South Korea will phase out policy loans for multiple-home owners, with up to 12 trillion won in loans set to mature this year, as authorities tighten oversight of real estate lending.
Kim Yong-beom, Chief Presidential Policy Secretary, strongly denied allegations of engaging in "gap investment," emphasizing that neither he nor his daughter participated in speculative real estate practices, amid heated questioning at the National Assembly.
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Kim Yong-beom Furious Over 'Gap Investment' Allegations Raised by Kim Eun-hye – 'I Did Not Engage in Such Practices' - Yonhap Infomax
Kim Yong-beom, Chief Presidential Policy Secretary, strongly denied allegations of engagin
Didimdol and Bogeumjari Policy Loans Down 32% This Year—Impact of Rate Hikes and Tighter Lending Rules
South Korea’s policy loans for home purchases and jeonse deposits fell 32% year-on-year through August, as higher interest rates and tighter lending caps curbed demand and issuance.
The South Korean government is tightening oversight of household debt by including policy loans, cutting loan limits and targets to curb housing price inflation and protect the Housing and Urban Fund, after policy loans surged to over 100 trillion won ($73.5 billion) in two years.
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Government Expands Household Loan Oversight to Include Policy Loans—Here’s Why
The South Korean government is tightening oversight of household debt by including policy loans, cutting loan limits and targets to curb housing price inflation and protect the Housing and Urban Fund, after policy loans surged to over 100 trillion won ($73.5 billion) in two years.
[On the Ground Column] Seoul Home Prices Surge—But Where Is the Policy Chief?
Seoul apartment prices posted their sharpest weekly gain since 2018, but with no land minister appointed, policy uncertainty is fueling market overheating and supply concerns.
South Korea’s Yoon administration has injected over 100 trillion won ($72.5 billion) in policy loans into the housing market over two years, fueling a sharp rise in home prices despite economic headwinds and regulatory efforts to curb household debt.
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Yoon Administration Spends 100 Trillion Won in Two Years to Prop Up Housing Market Through Policy Loans
South Korea’s Yoon administration has injected over 100 trillion won ($72.5 billion) in policy loans into the housing market over two years, fueling a sharp rise in home prices despite economic headwinds and regulatory efforts to curb household debt.
Housing Fund Deployed to Prop Up Home Prices, Land Ministry Admits 'Fund Insolvency Risk'
South Korea’s Housing and Urban Fund faces insolvency risk as surging policy loans and government interventions drain reserves, prompting calls for urgent reform.
Excessive Policy Lending from Housing and Urban Fund—Calls to Refocus on Supplier Loans
South Korea’s Housing and Urban Fund faces a capital crunch as demand-side policy loans surge, prompting calls to refocus on supplier-side support for affordable housing.
The Housing and Urban Fund’s interest subsidy payments have surged fivefold in four years, fueling concerns that government-backed low-rate loans are propping up South Korea’s home prices and increasing fiscal burdens as policy lending expands beyond low-income borrowers.
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[Housing Fund 10 Years③] The Invisible Hand—Interest Subsidies Propping Up Home Prices
The Housing and Urban Fund’s interest subsidy payments have surged fivefold in four years, fueling concerns that government-backed low-rate loans are propping up South Korea’s home prices and increasing fiscal burdens as policy lending expands beyond low-income borrowers.
MG Community Credit Cooperatives Expands Policy Loans to 'Support Grassroots Finance'
MG Community Credit Cooperatives expands policy loans to support financially vulnerable groups, aiming to boost grassroots finance despite challenging business conditions
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