Borrowers face unfavorable market conditions

The Korea Times | Nov 10, 2019 at 7:44 AM
  • By Kim Bo-eun It has become increasingly tough for individuals and businesses to borrow money, due to rising mortgage rates as well as the government’s regulations, data showed Sunday.
  • With the exception of foreign banks such as Standard Chartered and Citibank, major commercial banks have refrained from lowering their deposit interest rates, despite the key rate cut.
  • The government is also regulating the growth of household loans, limiting banks’ growth of household loans to below 6 percent.