South Korea government holds emergency meeting on household debt ...Middle East

South Korea's financial regulator:

South Korea government holds emergency meeting on household debt South Korea govt strengthens measures to control household debt

mortgage loans are a major component of household debtmortgage loan growth has been influenced by eased lending policies and rising property prices, particularly in Seoul

The South Korean government has tightened borrowing rules and been promoting fixed-rate, amortizing loans. Looks like further moves are in the works.

South Korea, Seoul

This article was written by Eamonn Sheridan at www.forexlive.com.

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