Mastodawn

President Lee emphasizes that attempts to accumulate wealth through real estate speculation reflect outdated thinking, signaling a shift in South Korea's property market policy.
#YonhapInfomax
#PresidentLee #RealEstateSpeculation #Wealth #SouthKorea #Policy
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=85333

Yonhap Infomax News Jul 6

South Korea's financial regulators have imposed a 600 million won mortgage cap and halved household loan supply, vowing strict oversight to prevent regulatory loopholes and ensure these measures become the new normal amid concerns over real estate speculation and financial stability.
#YonhapInfomax #HouseholdLoan #FinancialServicesCommission #MortgageCap #RealEstateSpeculation #LoanRegulation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70912

Will Ultra-Stringent Household Loan Measures Become the 'New Normal'?—Regulators Focus on Closing Loopholes

South Korea's financial regulators have imposed a 600 million won mortgage cap and halved household loan supply, vowing strict oversight to prevent regulatory loopholes and ensure these measures become the new normal amid concerns over real estate speculation and financial stability.

Yonhap Infomax

Brad Rosenheim May 9, 2024

@unusual_whales #RealEstateSpeculation