South Korea's Financial Supervisory Service (FSS, the country's financial regulator) is designating 325 residential project deals in the Seoul area for close watching and customized financial support. The goal is to speed up housing construction.
The initiative aims to remove funding bottlenecks that are delaying 180,000 housing units under development. The FSS will assign dedicated government liaison staff to each project and coordinate syndicated loans and project finance guarantees. This follows August's comprehensive real estate stabilization measures announced by the government.
Seoul housing supply has lagged behind demand. This has pushed affordability challenges on younger demographics struggling to buy homes.
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| Symbol | Last Price |
|---|---|
| 006800Mirae Asset Securities Co., Ltd. | ₩34,450 +3.8% |