Redirecting money flow: Banks shift from real estate to innovation

28.07.25 08:22 Uhr

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Financial authorities and industry leaders vowed to shift the flow of funds away from real estate financing and channel it into more productive sectors, including high-tech industries and venture companies, officials said Monday. They made the pledge during a meeting led by Vice Chairman Kwon Dae-young of the Financial Services Commission (FSC), the country’s top financial regulator. The closed-door meeting brought together heads of major financial associations, such as the Korea Federation of Banks, the Korea Financial Investment Association, the Korea Life Insurance Association, the General Insurance Association of Korea and the Korea Federation of Savings Banks. The meeting focused on regulatory improvements and industry-specific initiatives to support a transition toward productive finance and was held in response to President Lee Jae Myung’s repeated calls for financial sector reform. Lee has criticized financial institutions for relying on “easy profits” from mortgage lending and underscored the importance of expanding investment. “There is a need to redirect capital fromWeiter zum vollständigen Artikel bei Korea Times

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Quelle: Korea Times

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