Korea to Lower Max Interest Rate on Loans in H1 2021 By Editors, Regulation Asia Published on 30th December 2020 A new enforcement decree will take effect in February 2021, lowering the maximum interest rate on loans from 24% to 20%. To continue reading... Sign in Password * Remember me Lost your password? Get access today Sign up for a free 2-week trial and get instant, unrestricted and unlimited access to Regulation Asia. FREE TRIAL Already taken your free trial? Get in touch with our team and enquire about a subscription today. Select subscribe below to view our subscription packages or you can email us at [email protected] to discuss your options. Subscribe Share via: More Related:enforcement decree, FSS, illegal private financing, interest rate, Lending, Loans Recommended for you New Zealand to Introduce Deposit Guarantee Scheme by 2023 BOJ Warns of Post Covid Risks to Financial Stability Mirae Asset Sues Shinhan Over Lime Fund Losses