S Korea to tighten mortgage curbs for multiple-home owners
Wed, Oct 25, 2017 - 5:50 AM
Real estate agents' offices in Seoul. The new rules are aimed at preventing binge borrowing.
SOUTH Korea will impose fresh mortgage curbs for owners of multiple homes to put a brake on binge borrowing, amid concerns a build-up in household debt could leave the economy exposed to a crash, the government said on Tuesday.
Starting 2018, borrowers applying for mortgages...