Financial firms were asked to meet all “reasonable financing needs" of property firms. A "white list" of firms eligible to receive financing is being drafted.
November 21, 2023House price declines could cause the balance sheets of banks and households to worsen and amplify financial risk.
October 11, 2023Banks only started offering 50-year mortgages this year, but household debt grew in August at the fastest pace since February 2020.
September 14, 2023The measures are part of efforts to support the economy, the property sector, and the Chinese yuan.
September 4, 2023The ban on cold calling, as proposed, would cover banking, payments, insurance, mortgages, various tangible investments, and cryptoassets.
August 30, 2023The new measures will allow more individuals to be treated as first-time homebuyers, which means better mortgage rates and lower down payments.
August 28, 2023Banks will be encouraged to focus on satisfying the financing needs of enterprises, support exchange rate risk hedging, and further lower their mortgage rates.
August 3, 2023Higher capital requirements being considered could make it more difficult to provide credit to the economy, banks say.
July 15, 2023This will be the first time in thirty years that new nationwide banks can be established in Korea, the FSC said.
July 6, 2023The guidance sets out the FMA’s expectations on the distribution of financial products through intermediaries under the new CoFi regime.
June 28, 2023