Woori Bank announced on the 21st that it will suspend the provision of new mortgage loans for the purpose of purchasing dwellings located in the Gangnam 3 districts (Gangnam, Seocho, Songpa) and Yongsan starting on the 28th.
New loans can only be obtained if all household members are registered as non-homeowners at the time of the loan application. It is also possible to become a non-homeowner by selling a previously owned dwelling.
Woori Bank resumed the provision of loans for additional dwelling purchases in the metropolitan area for customers who own more than one dwelling on the 21st of last month after a hiatus of more than five months, but is tightening them again this time.