Delivery time2024-01-29 15:51
(Seoul = Yonhap News) Reporter Lee Yul = Heads of financial authorities emphasized on the 29th that an orderly soft landing is possible in relation to the resolution of real estate project financing (PF), which is being pointed out as a detonator in the financial market.
The Chairman of the Financial Services Commission and the Financial Supervisory Service having a conversation
(Seoul = Yonhap News) Reporter Sang-gyun Han = Financial Services Commission Chairman Kim Joo-hyun and Financial Supervisory Commission Chairman Lee Bok-hyun are having a conversation at the National Assembly Political Affairs Committee on the 29th. 2024.1.29 xyz@yna.co.kr
Financial Services Commission Chairman Kim Joo-hyun responded to a question from independent lawmaker Yang Jeong-sook about real estate PF measures at the general meeting of the National Assembly’s Political Affairs Committee on this day, saying, “We are trying to ensure an orderly soft landing, but if it doesn’t work, it will explode.” “We are trying to make a soft landing to prevent it from collapsing,” he said.
He said, “One of the pillars of the Ministry of Land, Infrastructure and Transport is to improve the business feasibility of the PF business itself by providing tax benefits for unsold units, such as in local areas, and in finance, businesses that can do well with 85 trillion won in liquidity will be normalized and problems will be resolved. “The effort to achieve a soft landing is to lead to restructuring where there is,” he explained.
He said, “Real estate PF was created in the past when people had to borrow money to invest in real estate when interest rates were low and real estate prices were soaring, and the current conditions are bound to be difficult because interest rates are rising and prices are rising.”
In response to a question from Rep. Yang on this day, Financial Supervisory Service Chairman Lee Bok-hyun emphasized, “We believe that an orderly soft landing is possible if PF is resolved in a principled manner, both in terms of timing and system, so we are making efforts in that direction.” did.
He said, “One of the reasons why I confidently refrained from saying that PF should be resolved by the end of 2022 or last year was because I had a feeling that the market was on relatively weak ground, and that was also visible on the indicators.”
He said that what to do after the PF reorganization is being discussed at meetings chaired by the Financial Services Commission and the Deputy Prime Minister, adding that it is not that he is not thinking about it.
He previously met with reporters on the 24th and related to the upward adjustment of the equity capital ratio of the PF developer’s total business funds, which is currently around 5-10%, saying, “We will not carry out real estate development in a situation where it could be our responsibility to the extent that it is close to 100%.” “I don’t think it is desirable to do so in the future,” he said.
yulsid@yna.co.kr
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2024/01/29 15:51 Sent
2024-01-29 06:51:02
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