| 01.07.2009 - S.Korea rules out drastic steps on housing market |
| From Forbes: South Korea has no plan to toughen home-backed lending controls but will persuade banks against excessive lending to the housing market, the head of a top financial regulator said on Tuesday. 'The authorities will at first try to prevent a surge in housing prices by trying to manage home-backed lending through financial companies,' Kim Jong-chang, governor of the Financial Supervisory Service (FSS), said at a business forum.........Full Article: Source |