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South Korea's FSC Develops Lending Standards to Protect Real Borrowers on July 29

2026-07-29 07:44:29

According to Financial Services Commission Chair Lee Euk-won on July 29, South Korea's financial authorities are developing lending criteria to reduce harm to actual borrowers amid household debt volume management. Speaking at the National Assembly's Political Affairs Committee, Lee stated the FSC would work to prevent negative impacts on ordinary citizens while continuing overall volume controls. Details are being finalized through ongoing consultations with banks.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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