Arab Today, arab today regulator to push for improving household debt structure
Last Updated : GMT 05:45:56
Arab Today, arab today
Arab Today, arab today

Regulator to push for improving household debt structure

Arab Today, arab today

Arab Today, arab today Regulator to push for improving household debt structure

Seoul - Yonhap

South Korea's financial regulator said Thursday that it will push to mend the structure of household debt by supporting extension of mortgage lending with longer maturity and spurring the sale of covered bonds. The Financial Services Commission (FSC) said in its 2014 policy goals that it will also urge local banks to increase the portion of fixed-rate loans and encourage households to change the practice of repaying only the interest on the mortgage loans without paying out the principal for an extended period.

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