On the 10th, after the Monetary Policy Committee meeting, Bank of Korea Governor Lee Chang-yong stated at a press conference that "the speed of rising house prices, centered around the metropolitan area, is faster than last August."
In response to a question about whether the skyrocketing house prices in Seoul and the rapid increase in household debt are similar to the situation last summer, the governor noted, "There are similarities, and the sense of alertness is greater."
He added regarding last year's situation, "There was also a lack of action, but considering household debt, I think it was prudent to pause the interest rate cuts."
The governor mentioned, "If loan regulations are insufficient, we will need to implement more policies, whether through supply or demand," and said, "I understand that the government is preparing for this."