Stricter Household Debt Rules Push Bank Lending Thresholds Higher as Stress DSR 3-Step Takes Effect
South Korea’s housing market is facing renewed pressure as banks tighten lending standards in line with the government’s intensified household debt management policies. The implementation of the third phase of the stress DSR (Debt Service Ratio) system has significantly raised the bar for borrowers seeking mortgage loans, particularly for apartment purchases. This regulatory shift aims … Read more