The South Korea Financial Services Commission will closely monitor 325 housing project finance projects in the capital region that are expected to begin construction or be completed in 2027, including viable projects facing temporary liquidity constraints. During a visit to a Gimpo development, Chairman Lee Eog-weon called on the Korea Housing Finance Corporation and private financial institutions to provide timely guarantees and funding, building on the housing finance measures announced on Aug. 13 and the subsequent launch of dedicated support centers for project finance and construction company financing difficulties. The Gimpo site illustrates how public guarantees can support housing delivery. About KRW 600 billion of Korea Housing Finance Corporation guarantees enabled stable financing for approximately 2,700 homes after a property market slowdown, higher interest rates and rising construction costs disrupted the project. The corporation has increased its 2026 guarantee target from KRW 6 trillion to KRW 9 trillion, while KB Kookmin Bank plans to substantially expand its internal project finance limits after providing about KRW 4 trillion of such lending this year.
2026-09-10South Korea Financial Services Commission
South Korea's Financial Services Commission to monitor 325 housing PF projects and calls for stronger funding support
The South Korea Financial Services Commission will closely monitor 325 capital region housing project finance projects expected to start or finish construction in 2027 and called for timely guarantees and private funding. A Gimpo development involving about 2,700 homes secured approximately KRW 600 billion through Korea Housing Finance Corporation guarantees, demonstrating how public support can keep viable projects moving.