South Korea to Enforce Tighter Household Loan Rules from July Amid Debt Surge

SEOUL, May 20 (Korea Bizwire) — The country’s financial regulator said Tuesday that tighter rules on household loans will come into effect from July as planned amid still higher debt levels. According to the Financial Services Commission (FSC), tighter debt-service-ratio (DSR) rules will be applied to virtually all kinds of household debts, and the stress [...]