Crisis Management for a Conflict with North Korea

This is the best North Korea conflict crisis support available today. Predict, plan, build, prepare, train, and test in the right way.

Learn more about our NK Crisis Toolkit here

이억원 "6.27 대출규제 효과적…필요시 DSR 확대 등 추가 조치"

Lee Ok-won says 6.27 Loan Regulation Effective… Additional Measures Like DSR Expansion if Necessary

Newsis | Local Language | News | Sept. 2, 2025 | Regulation

Lee Ok-won, nominee for chairman of the Financial Services Commission (FSC), affirmed that the June 27 real estate loan regulations have been effective in curbing short-term household debt growth, particularly in metropolitan areas. He emphasized that the impact on genuine homebuyers, especially low-income households, has been limited, but pledged to monitor housing stability closely. Lee signaled openness to expanding the scope of the Total Debt Service Ratio (DSR) regulation to include policy loans like jeonse deposit and special newborn loans if necessary, while balancing the need to avoid destabilizing low-income borrowers’ housing security.

Lee highlighted the importance of revitalizing productive finance by channeling funds toward sectors with high future growth potential, such as advanced industries, venture companies, and regional economies, rather than unproductive real estate. He mentioned plans to review the macroprudential regulatory framework and consider adjusting risk weights on home mortgage loans to enhance corporate finance fund supply without compromising bank soundness. Regarding potential organizational restructuring within financial authorities, Lee refrained from commenting, citing the lack of disclosed concrete plans, but emphasized the intention to foster a cooperative "one team" relationship with the Financial Supervisory Service.

On consumer protection, Lee acknowledged past shortcomings in financial consumer trust due to incidents involving private equity funds and equity-linked securities. He pledged to strengthen laws, sales regulations, and practices to prevent mis-selling and financial accidents. Lee also committed to intensifying efforts against financial crimes such as illegal private lending and voice phishing, which disproportionately affect vulnerable groups like the elderly, and stressed the need for improved financial access and tailored education for those groups, especially in the context of digitalization.

New Developments

South Korea Health | Sept. 2, 2025

AI Adoption Transforms Medical Imaging and Diagnostics Amid Trust and Integration Challenges

Technology & Innovation | Sept. 2, 2025

South Korea Unveils Record 2026 Budget Focused on AI-Led Economic and Innovation Transformation

Japan Firms | Sept. 2, 2025

US Tariffs Drive Manufacturing Profit Drop Despite Rise in Capital Investment

Financial System | Sept. 2, 2025

Tokyo Stock Market Slides as Global Tech Sell-Off and Weak Economic Data Undermine Investor Confidence

China Geopolitics & Defense | Sept. 2, 2025

Expansion and Modernization of China’s Anti-Japanese War Memorial Network

Governance & Law | Sept. 2, 2025

China Enforces Comprehensive AI Content Labeling and Industry Standards

Taiwan Technology & Innovation | Sept. 2, 2025

AI-Driven Expansion Fuels Spike in Advanced Semiconductor Packaging and Substrate Demand

Competitiveness | Sept. 2, 2025

AI Chip Sector Shaken by Export Controls, New Launches, and Intensifying Global Competition

India Environment | Sept. 2, 2025

Monsoon Flooding and Landslides Disrupt Northern India as Relief Efforts Intensify

Transportation & Logistics | Sept. 2, 2025

India Post Halts US Mail Shipments Amid Unclear US Customs Duties Rules

Vietnam Environment | Sept. 2, 2025

Severe Storms and Floods Trigger Emergency Response in Central Vietnam

Geopolitics & Defense | Sept. 2, 2025

Shanghai Cooperation Organization Leaders Gather in Tianjin for 2025 Summit and Strategic Partnership Agreements