Shinhan Financial Group's (KRX:055550) Shinhan Bank relaxed mortgage loan restrictions, now allowing single-homeowners to obtain loans for purchasing additional properties outside South Korea's highly regulated districts.
The ease in restrictions came into effect on Friday, April 11, Pulse News reported the same day.
The new policy rolls back rules in place since September 2024 that limited home purchase loans to first-time buyers, the report said.
Shares of Shinhan Financial Group rose more than 1% in recent trade on Monday.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.