汇丰银行-韩国-银行业-韩国银行业：10月份家庭债务低于预期-20171024-hsbc-korea_banks：oct17_hh_debt_measures_fall_within_expectations.pdfVIP

24 October 2017   Korea Banks EQUITIES FIG Oct17 HH debt measures fall within expectations Korea  Step-by-step measures to limit excessive leverage, clamping Sinyoung Park* down on multi-homeowners and secondary lending institutions Analyst, Korea Financials The Hongkong and Shanghai Banking Corporation Limited, Seoul Securities Branch  Slower mortgage growth likely but this is largely expected by sinyoungpark@ +822 3706 8770 the market and banks are well-prepared, in our view * Employed by a non-US affiliate of HSBC Securities (USA) Inc, and is  Increased clarity on household debt measures will help to not registered/ qualified pursuant to FINRA regulations ease regulatory concerns on Korean banks, in our view Gov’t finally announces comprehensive HH debt measures after 2 month delay After delaying the announcement since August 2017, the government finally put out ‘Comprehensive Household Debt Measures’ on 24 October. The p