Seongsu Eun, Chairman of the Financial Services Commission▶ Click here for a larger view
Finance Commissioner Eun Seong-soo said on the 11th, “I will take a look at the question of whether it is necessary to regulate the land part,” regarding the allegations of land speculation by employees of the Korea Land and Housing Corporation (LH).
Chairman Eun ended his visit to the’policy-type New Deal Fund No. 1 investment company’ on the same day, met with reporters, and said, “In real estate, we mainly (regulate) housing, but this is the land part.”
Chairman Eun explained, “I was a little interested in the second financial sector, not the banking sector, and the land that was not housing, but this problem arises, so I will look at the relationship between banks and non-banks, and housing and land.”
When LH employees bought land in Siheung District, Gwangmyeong, Gyeonggi-do, they received large-scale loans through local agricultural cooperatives.
Regarding the plan for household debt management, which the financial authorities decided to come up with during this month, Chairman Eun said, “The draft is rough, so we can announce it if we only need to do it. He said, “Please wait if (the time of the announcement) will be next week or if it will take some time.”
He continued, “I think it would be nice to give a little predictability. No one would object to a little less this year with a soft landing (soft landing) and a little less this year with a soft landing (soft landing) in the watch for two to three years.” “I agree not to give it to you,” he stressed.
The financial authorities decided to step-by-step the’applying a 40% total debt repayment ratio (DSR) for each borrower’. A method of gradually expanding the application target is being reviewed.
Chairman Eun said to the problem of Ssangyong Motors, which is pursuing the P plan (short-term court management), “Chairman (who attended the event) (Chairman Lee Dong-geol, Industrial Bank of Korea) said that one of the biggest approvals of Mahindra potato by the Central Bank of India was resolved “Good start” (a good start), but that did not solve the Ssangyong Motor problem, but he asked me to explain that I would try to solve it well.”
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