▲ Gov. Lee Chan-jin of the Financial Supervisory Service speaks at a meeting with the heads of local brokerages in western Seoul on Feb. 10, 2026. (Yonhap)

FSS chief-PF loans

FSS to inspect brokerages with problematic construction PF loan issues

SEOUL, Feb. 10 (Yonhap) -- The head of the financial watchdog warned Tuesday his agency plans to conduct on-site inspections of brokerages that have been sluggish in settling bad project finance (PF) loans tied to shaky construction projects.

Lee Chan-jin, the governor of the Financial Supervisory Service (FSS), made such remarks in a meeting with the heads of local brokerages in western Seoul.

"I request brokerages not to abuse their superior position and ensure no improper business practices occur during the resolving of bad loans tied to real estate projects," Lee said at the meeting.

"We plan to conduct an on-site inspection into brokerages that have delayed efforts in resolving the issue or engaged in problematic sales activities," he added.

Local brokerages' exposure to shaky construction development projects stood at 3.6 trillion won (US$2.5 billion) as of end-September, according to data from the FSS.

(END)

[ⓒ K-VIBE. 무단전재-재배포 금지]