New Lending Rules Set... Mortgage Loans Capped at 600 Million Won [3-Minute Brief]

[At a Glance]
① Household loan total volume target drastically reduced to 50% of the original plan
② In-depth survey of 12 experts from industrial and economic research institutes and academia
③ The era of 'Samcheonpi' begins... Overheating signals appear everywhere

MARKET INDEX : Year to date

○Record high reached on hopes for trade negotiations

○Extension of tariff grace period and expectations for trade negotiations... bullish trend continues

○Energy and healthcare sectors slightly weaker... other sectors remain strong

Top3 NEWS

■ Mortgage loan limit to be capped at 600 million won... Government takes action on runaway housing prices

○Household loan total volume target drastically reduced to 50% of the original plan
○Policy loans also cut by 25% compared to the annual supply plan
○Mortgage loan limit in regulated areas including Seoul capped at 600 million won

■ "Establishment of a bold population policy control tower... 'Package reform' needed for low birthrate and aging population"

○"Population reform should be implemented as a package"... A pan-ministerial control tower with budget and authority is needed
○Maintaining women's careers, addressing low birthrate, and improving the decrease in labor supply
○Expansion of paternity leave for men... SME care rights and senior participation-type care also needed

■ Short-term overheating vs. start of a rally... Where is the 'Samcheonpi' destination?

○June monthly increase rate at 15%... surpassing the post-COVID rebound
○Some securities firms forecast 3,600 in the first half of next year
○"Short-term correction possible, should be seen as a buying opportunity at low prices"

Graphic News: If National Pension credits are paid in advance, annual fiscal burden rises to 800 billion won

○Fiscal capacity deteriorates... fiscal burden increases with advance payment

○'Credit' granted for childbirth and military service periods

○Immediate recognition through advance payment system likely to be difficult

the Chart: "Even if the Chinese ban on Korean content is lifted, a second Korean Wave will not be easy"

○Analysis by the Export-Import Bank of Korea Overseas Economic Research Institute

○Chinese government strongly committed to protecting its own cultural industry

○Strengthening of domestic cultural content capabilities also has an impact

Today's Key Schedule

○Domestic

08:00 Korea Retail Sales (MoM) (May)

KOSDAQ GFC Life Science listing, confirmed public offering price at 15,300 won

○Overseas

08:50 Japan Industrial Production (MoM) (May)

10:30 China Manufacturing PMI (June)

15:00 UK GDP (YoY) (Q1)

15:00 Germany Retail Sales (MoM) (May)

16:55 Germany Change in Unemployment

◇Lunch & Evening Weather

○Lowest temperature 23℃(0℃) ｜Highest temperature: 29℃(▲1℃)
○Precipitation probability: 60% in the morning｜60% in the afternoon
○Fine dust: Normal in the morning｜Normal in the afternoon

3 minutes is all you need: essential, high-value economic news. Published daily at 8:00 AM.