On Real Estate Loan Regulations by Financial Authorities, Office of the President Says "Not Our Measures...We Are Monitoring"

Measures Introduced by Ministries...
"We Will Monitor What Effects They May Have"

The Office of the President stated on June 27 that it is closely monitoring various measures and opinions related to the real estate loan regulations and household debt management plans announced by the financial authorities.

Yonhap News Agency

In a briefing that day, Kang Yoo-jung, spokesperson for the Office of the President, said regarding the announcement by the financial authorities, "We understand that these are measures from the Financial Services Commission," and added, "These are not measures from the Office of the President."

Kang further explained, "I am saying this to prevent any confusion," and emphasized, "We have not issued any position or policy regarding real estate measures."

This means that the relevant ministries have introduced necessary measures while monitoring the real estate situation, and that the Office of the President has not taken the lead in introducing real estate regulations.

When asked whether President Lee Jae-myung had been briefed on the matter, Kang replied, "There were no particular additional reports." She added, "We understand that these are measures formulated by the Financial Services Commission based on the current situation, and it is not a matter where we have a particular position or are suggesting a direction. We will monitor what effects these measures may have, and if a response is necessary, the Office of the President will issue a reaction."