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South Korea to loosen property market regulations more quickly

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SEOUL : South Korean President Yoon Suk-yeol said on Thursday the government will ease property market regulations more quickly to stabilise the market amid high interest rates.'As house prices are on a falling trend due to high interest rates, (the government) will lift regulations on the demand side at

SEOUL : South Korean President Yoon Suk-yeol said on Thursday the government will ease property market regulations more quickly to stabilise the market amid high interest rates.

Following his remarks to the panel of 100 ordinary citizens, financial regulator chief Kim Joo-hyun said the government was planning to further allow mortgage loans for those who run lease businesses and multiple home-owners.

 

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