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Tighter Rules for Home Loans to Apply to All Mutual Savings Institutions

Tighter Rules for Home Loans to Apply to All Mutual Savings Institutions

SEOUL, May 30 (Korea Bizwire) – The financial regulator said Tuesday it will apply tighter rules for mortgage loans to all mutual savings institutions starting next month, in the latest step to control fast-growing household debt. The tighter rules, which already have been applied to retail banks and other depository institutions, require borrowers to repay [...]

Terrace Homes Booming Amid Growing Thirst for Nature

Terrace Homes Booming Amid Growing Thirst for Nature

SEOUL, March 23 (Korea Bizwire) – With many modern Koreans confined t0 cities but longing to get in touch with nature, demand for houses and residential buildings with terraces is growing quickly. Over the last two years, more than 5,000 ‘terrace’ housing units in 16 apartment complexes were sold, according to a study conducted by Shim [...]

ABS Issuance Dips 27 Pct in 2016 on Weak Property Market

ABS Issuance Dips 27 Pct in 2016 on Weak Property Market

SEOUL, March 7 (Korea Bizwire) – The issuance of asset-backed securities (ABS) in South Korea tumbled nearly 27 percent in 2016 from a year earlier as the local property market remained sluggish, data showed Tuesday.  The amount of ABS issues totaled 60.7 trillion won (US$52.6 billion) last year, down 26.8 percent from the previous year, [...]

Returns from Investments in Studio Apartments down amid Glut

Returns from Investments in Studio Apartments down amid Glut

SEOUL, March 2 (Korea Bizwire) – Returns from investments in studio apartments in South Korea edged down in February from a month earlier due to oversupply, data showed Thursday.  The annual returns from investments in studio apartments, better known as “officetels” in South Korea, stood at 5.09 percent in February, down from 5.11 percent in [...]