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Eased lending control

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Regulators should not give up curbing runaway household debt

The financial authorities have taken a step backward from their draconian lending regulations. "We won't stop the jeonse (home rental based on large deposits) loans or lending to help pay back the balance for apartment purchase until the end of this year," Financial Services Commission (FSC) Chairman Koh Seung-beom said last Thursday. "The FSC will tolerate it even if the increase of these loans pushes the growth rate of the balance of household debt beyond the initial target of 6 percent."

Since the monetary authorities tightened lending........

© The Korea Times

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