Tighter Criteria for New Mortgage Loans to Go into Effect Next Year

SEOUL, Dec. 3 (Korea Bizwire) – South Korea’s top financial regulator said Thursday that it will unveil a tighter mortgage loan screening system later this month in a bid to tackle the mounting household debt in the face of a potential U.S. rate hike. Household credit totaled a fresh record of 1,166.4 trillion won (US$1.01 [...]