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Thursday, 13 August 2026 Reading Room
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From now on, those owning one house in the metropolitan area will not be able to get a lease loan if they do not have a record of living there after purchasing it. The Financial Services Commission announced on the 31st that it will implement measures to prevent the unfair use of lease loans by those who own multiple homes, starting from today. According to the announcement, from today, those who own one house in the metropolitan area and do not have a record of living there after purchasing it will not be able to get a lease loan. In the case of those who own one house outside the metropolitan area, they will be able to get a lease loan only if they have a record of living there after purchasing it. The regulation targets those who have purchased a house but have not moved in yet, as well as those who have purchased a house and are currently living in a leased house. However, those who have purchased a house due to unavoidable reasons such as a move for work or school, divorce, or the death of a family member, and have a record of living there, will be allowed exceptions. The Financial Services Commission explained that it will guide financial companies to voluntarily adjust their loan regulations to prevent the unfair use of lease loans by those who own multiple homes. The Financial Services Commission said, "We will monitor the loan practices of financial companies and take follow-up measures if necessary." The regulation applies to all lease loans, including those for apartments and commercial buildings. The Financial Services Commission emphasized, "This regulation is not aimed at limiting the rights of those who are in need of a lease loan for their actual residence, but rather at preventing multiple homeowners from taking advantage of the system."

·hani.co.kr

The government plans to expand public guarantees for housing construction projects by 86 trillion won over the next three years. The Ministry of Land, Infrastructure and Transport announced on 31st that it will expand the guarantee for housing construction projects, which currently stands at 47 trillion won, to 133 trillion won by 2027. The ministry also plans to set up a 3 trillion won fund to normalize projects with financial difficulties. The move is aimed at stabilizing the housing construction market, which has been hit by a series of recent project financing(PF) failures. The ministry said that it will provide guarantees for project financing loans to construction companies, small and medium-sized builders and housing suppliers. The government also plans to provide guarantees for PF loans to support the normalization of projects with financial difficulties. The ministry said that it will also provide guarantees for loans to construction companies and housing suppliers. The government plans to implement the measures from next month. The move is expected to help stabilize the housing construction market and prevent a further decline in the construction industry. The ministry said that it will closely monitor the situation and take additional measures if necessary. The government also plans to provide support for small and medium-sized builders and housing suppliers. The ministry said that it will provide guarantees for loans to small and medium-sized builders and housing suppliers. The government plans to expand public guarantees for housing construction projects. The ministry said that it will expand the guarantee for housing construction projects. The government plans to set up a fund to normalize projects with financial difficulties. The ministry said that it will set up a 3 trillion won fund to normalize projects with financial difficulties. The move is aimed at stabilizing the housing construction market. The ministry said that it will provide guarantees for project financing loans. The government plans to provide guarantees for PF loans. The ministry said that it will provide guarantees for loans to construction companies. The government plans to implement the measures from next month.

·hani.co.kr

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