Borrowing money from banks has become difficult as the FSC has asked banks to tighten regulations to reduce household debt. Starting Wednesday, KB Kookmin Bank stopped issuing new mortgage credit insurance and mortgage credit guarantees.
A sign advertising loan products is on display at the front of a bank. Borrowing money from banks has become increasingly difficult as the Financial Services Commission has asked banks to tighten regulations to reduce household debt. Starting Wednesday, KB Kookmin Bank stopped issuing new mortgage credit insurance and mortgage credit guarantees. Hana Bank will follow on Friday. [YONHAP]
![A sign advertising loan products is on display at the front of a bank. Borrowing money from banks has become increasingly difficult as the Financial Services Commission has asked banks to tighten regulations to reduce household debt. Starting Wednesday, KB Kookmin Bank stopped issuing new mortgage credit insurance and mortgage credit guarantees. Hana Bank will follow on Friday. [YONHAP]](https://img1.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202109/29/koreajoongangdaily/20210929194523815wrcn.jpg)