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October 18, 2021

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Tightened credit lending continues amid eased rules on housing loans
Tightened credit lending continues amid eased rules on housing loans
　South Korea‘s major banks are set to loosen control on extension of “jeonse” loans for homes, but their tightened grip over personal credit loans will continue under pressure from financial authorities, industry sources said on October 17. 　Jeonse is a housing lease system unique to Korea whereby tenants pay a lump-sum deposit instead of monthly rent on a two-year contract. 　NH NongHyup Bank, which in August decided to temporarily stop offering jeonse loans until Nov. 30, wi
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