Internet-only banks post 70% jump in mortgage loans - The Korea Times

Internet-only banks have logged substantial growth in the number of mortgages offered to borrowers, seeing their collective balance increase year-on-year by more than 70 percent during the past yea...

Internet-only banks, foreign lenders join push to tighten mortgage loans - The Korea Times

Internet-only banks, foreign lenders and the state-owned Industrial Bank of Korea (IBK) are joining major financial institutions in tightening their mortgage loan policies. This move follows instructions from financial authorities aimed at addressing the rapid growth of household debt. IBK said on Wednesday that it will reduce the maximum maturity period for home mortgage loans from 40 years to 30 years, starting from Thursday. This measure effectively results in a lower loan limit. The bank will also discontinue offering mortgage insurance, wh ...

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Surge in Internet Banks' Mortgage Loans Sparks Financial Stability Concerns

The mortgage loan balance of South Korea's internet banks has seen a dramatic surge, raising concerns about financial stability and the original mission of the

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Korean internet-only banks see 70% surge in mortgage loans - 매일경제 영문뉴스 펄스(Pulse)

The combined outstanding balance of mortgage loans at South Korea’s top three internet-only banks—KakaoBank Corp., Kbank, and Viva Republica Inc.’s Toss—surged by over 11 trillion won ($8.2 billion) i