The Financial Services Commission and Financial Supervisory Service announced
curbs on online investment-linked finance firms’ stock-loan business, setting a
per-borrower ceiling of 1 bln won and capping monthly new stock-loan
originations at 30% of the prior month’s new related-lending volume. The
measures take effect Aug. 16 and will be issued as management targets to firms.
Regulators cited rapid expansion: online firms’ stock-loan balances rose to
898.3 bln won at end-June, up 374.5 bln won in H1 and 71.5% from 351.3 bln won
at year-end. Firms that keep each month-end stock-loan balance after July at or
below the June level may be exempted from the monthly cap.
