In real estate transactions, where expenses can range from several million to hundreds of millions of won, there is an inherent anxiety involved. The growing incidence of rental fraud exacerbates the fears of those new to the real estate world. This is a market characterized by heightened information asymmetry, a defining trait of the real estate industry.
With the country s monthly household loans on a steady increase, bank loans in August showed a rise of 6.9 trillion won ($5.1 billion) from the previous month to date. The increase in August is the highest monthly margin over the past two years and any single month-to-month period, since it reached 9.7 trillion won in July 2021.
Toss Bank, one of Korea s three internet-based banks, launched a housing rental deposit loan product on Tuesday, aiming to innovate the country s cumbersome and complicated rent system.
Hong Min-taek, CEO of Toss Bank, the internet-only banking arm of fintech giant Viva Republica, said Tuesday that launching a house mortgage loan service is inevitable for the firm, but that it will wait for the right timing amid the government's efforts to curb household debt. Currently, Toss Bank is the only bank among the three internet-only banks, which also include KakaoBank and K-Bank, that does not offer .
South Korea named Ryoo
Sang-dai, the current vice president at Korea Housing-Finance
Corporation, as the Bank of Korea s new senior deputy
governor to join the central bank s monetary policy board as. -Yesterday at 09:19 pm- MarketScreener