A view of the KB Kookmin Bank Yeouido headquarters./Courtesy of KB Kookmin Bank

KB Kookmin Bank said on the 3rd it will suspend mortgage loan for living-stability funds backed by dwellings starting on the 4th. Among living-stability mortgage loan, applications for loans aimed at returning lease deposits will continue to be accepted.

KB Kookmin Bank will waive early repayment fees for household loans from today through the end of the year. The fee waiver is seen as a measure to encourage loan repayment.

KB Kookmin Bank earlier halted mortgage loan for the purpose of purchasing dwellings at the end of last month. The bank said it was a measure to manage the total volume of household loans.

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