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News
KB Keeps 300 Million Won Mortgage Cap in Place
1+ week, 4+ day ago (291+ words) Bank Exceeded Last Year's Household Loan Target Limited Room Left Under This Year's Quota Hana, Woori Also Maintain Their Own Curbs KB Kookmin Bank will keep its cap of 300 million won ($208,000) on home-backed loans in place for the time being,…...
Korean Banks Toggle Home Loans Open and Shut to Meet Annual Caps
3+ week, 3+ day ago (359+ words) Seoul Economic Daily Banks in South Korea frequently change the terms on which they extend household loans in order to meet annual targets for household loan growth When a quota is used up, they shut the lending door and reopen…...