▲ Financial Services Commission Chairman Lee Eok-yeon
Financial Services Commission Chairman Lee Eok-yeon said on the 27th regarding the direction of the upcoming real estate measures, "We are contemplating how to resolve inconveniences for genuine homebuyers such as young adults and newlyweds through targeted support without undermining the stance of managing household debt."
Attending the National Public Debate on Real Estate Policy held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, this afternoon, Chairman Lee stated, "The majority of actual suggestions we receive are related to finance. This shows that the public finds loan issues to be the most inconvenient."
Explaining the background behind the need to maintain the household debt management stance, he noted, "In a situation where supply is insufficient and liquidity is overflowing in the market, if we ease loan regulations even slightly, it could stimulate the housing market overall, drive up prices, and lead to a continuous vicious cycle."
He added, "It is practically inevitable that regulations on household and real estate loans must consistently remain strict. However, since young adults and newlyweds experience significant inconvenience amidst this, figuring out how to harmonize these aspects is our homework."
Particularly, regarding issues raised about people failing to receive balance loans due to banks reducing their lending limits, he emphasized, "If the recruitment announcement for apartment occupants has already been completed, loan conditions do not suddenly become disadvantageous just because a new regulation came out; previous regulations apply."
However, he said, "As we enforce aggregate ceilings on household debt, banks are tightening restrictions further in the process of meeting them. For balance issues, we will promptly consult with the banking sector once more to find out what realistic options are available."
Regarding the case of an attendee at a presidential debate on the 23rd who was not recognized as a first-time homebuyer because they inherited a small share of a house while they were a minor, he suggested a policy idea, saying, "While keeping principles as principles, what if we allow loans when banks review the cases collectively through credit screening committees and find them reasonable?"
He also emphasized the role of finance in ensuring a smooth supply of non-apartment housing.
Chairman Lee evaluated, "Finance consists of demand-side and supply-side finance. While stimulating demand-side finance improperly can stimulate the market, supply-side finance, if it helps new housing enter the market, ultimately has the effect of stabilizing the real estate market."
He added, "Project financing (PF) is one part of this. Non-apartment supply has been sluggish lately, so if there are ways for finance to act in a positive direction by promoting supply, the FSC must play its role."
(Photo: Yonhap News)
※
Copying, redistribution, and unauthorized use in AI training are strictly prohibited.