[Special Report] Bank Stocks Rally on Real Estate Regulation Easing
[Asia Economy Reporter Son Sun-hee] Bank-related stocks are showing strength amid expectations that loans will increase due to the government's easing of real estate regulations.
As of 10:08 a.m. on the 5th, KakaoBank is trading at 22,850 KRW, up 5.71% from the previous day. Jeju Bank is up 5.02% at 11,500 KRW, Shinhan Financial Group is up 4.67% at 38,100 KRW, and KB Financial Group is up 3.56% at 52,300 KRW.
The government fully lifted regulations this month on all areas except Yongsan and the three Gangnam districts in Seoul. Accordingly, the loan-to-value (LTV) ratio regulation for mortgage loans in deregulated areas has been eased from 50% to 70%, and even owners of two homes can now obtain mortgage loans.
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As a result, expectations have formed that mortgage loan balances will increase, especially in the banking sector, leading to a simultaneous rise in related bank stocks.
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