Korea Joongang Daily
Korea JoongAng Daily

Average mortgage balance in Seoul increasing for borrowers in their 40s or younger

The pace of housing mortgage loans in Seoul is increasing among borrowers in their 40s or younger.

2025-11-24

KB Kookmin Bank halting new home purchase loans for rest of year

KB Kookmin Bank, one of Korea's major lenders, has decided to suspend new household loans for home purchases for the rest of 2025 amid government efforts to cool an overheated property market and curb household lending, officials said Friday.

2025-11-21

Mortgage rates climb to near 2-year high amid tightened lending rules

Korea's mortgage rates have rebounded to the 6 percent range for the first time in two years amid a rise in market interest rates, prompting banks to further tighten new home loans under stricter lending regulations, financial sources said Sunday.

2025-11-16

ABS issuance soars over 20% in Q3 on rise in mortgage-backed securities

The issuance of asset-based securities (ABSs) in Korea increased by more than 20 percent in the third quarter of the year due to a rise in the issuance of mortgage-backed securities (MBSs), data showed Thursday.

2025-11-06

Household debt reaches record $1.4 trillion

Korea's household debt reached 1,952.8 trillion won ($1.4 trillion), driven by increased mortgage borrowing and stock investment activity.

2025-08-19

Banks' mortgage lending rates up for first time in 5 months in June

In June, mortgage lending rates rose for the first time in five months despite the central bank's easing policies.

2025-07-30

Authorities to crack down on irregular home transactions amid tighter loan curbs

Korea's financial authorities will crack down on irregular and unusual home transactions amid tightened curbs on mortgages aimed at reining in soaring home prices.

2025-07-03

Korean borrowers caught off guard as banks freeze mobile loan services

A sudden clampdown on online lending has left borrowers scrambling, as Korea's major banks freeze mobile loan services in a bid to comply with the government’s tougher debt control measures.

2025-06-30

Rate cut for whom? Loan interest still near 4 percent despite BOK easing

Loan interest rates in Korea remain above 4 percent, despite the Bank of Korea's easing signals.

2025-04-20

Woori temporarily suspends virtual services for mortgages, rent deposit loans

A service counter at Woori Bank's main office in Jung District, central Seoul, is empty on Tuesday.

2024-11-05