KB Kookmin Bank Cuts Mortgage Loan Limits to 300M Won Nationwide Effective July 10

According to Yonhap Infomax, KB Kookmin Bank announced on July 9 that it will reduce mortgage loan limits to a maximum of 300 million won nationwide, effective July 10. The new cap is significantly stricter than the government's 600 million won limit for Seoul metropolitan and regulated areas, marking the country's largest mortgage lender taking the strongest stance on household lending restrictions.

The bank cited "stable management of household loans and proactive portfolio adjustment" as the reason. Notably, KB Kookmin currently has substantial room in its annual household lending management target of 900 billion won, with only 10% utilized to date, making the preemptive tightening unusual and suggesting deeper policy alignment considerations beyond quota management.