Financial Chief Dismisses Rumors of Additional Mortgage Loan Restrictions

Lee Eok-won, the chairman of the Financial Services Commission, emphasized that there are no plans to further reduce the limits on mortgage loans.
 
On October 20, he made this statement via X (formerly Twitter).
 
On that day, posts circulated online suggesting that the government was preparing to impose additional restrictions on mortgage loan limits based on housing prices. The proposed measures included banning loans for homes valued over 1.5 billion won, limiting loans for homes priced between 1 billion and 1.5 billion won to 200 million won, and capping loans for homes valued at 1 billion won or less at 400 million won.
 
Currently, the limit for mortgage loans on homes priced below 1.5 billion won in the metropolitan area and regulated zones is set at a maximum of 600 million won.
 
Lee stated, "The Financial Services Commission has been rigorously responding to the dissemination of false information that undermines healthy market order, and we plan to continue this strict approach in the event of similar occurrences in the future."