The Financial Services Commission (FSC) of South Korea is currently devising new regulations concerning loans for multi-homeowners, which will not only target residential rental operators but also expand to include commercial landlords. This plan follows the recent evaluation of loan applications in the banking and secondary finance sectors, where the FSC intends to classify and tighten regulations based on borrower types and collateral structures. Notably, there is a concern that non-residential landlords, who frequently hold apartments in regulated areas, may circumvent these restrictions if left unchecked. In a recent statement, President Lee Jae-myung emphasized on social media that all policy tools will be employed to create conditions whereby multi-homeowners, as well as investors holding single properties for speculation purposes, will find selling their assets more beneficial than retaining them. The FSC is expected to utilize a broad range of regulatory approaches, moving beyond just targeting multiple homeowners and ensuring the overall efficacy of measures designed to stabilize the real estate market. Furthermore, proposals are being considered to modify the loan structures for individual multi-homeowners, ensuring they do not receive the same long-term repayment terms as first-time homebuyers. The reasoning behind this adjustment is that while these individuals may not be registered as landlords, they effectively seek rental income through their multiple properties, thereby warranting different treatment in zoning regulations and loan structuring to mitigate market volatility effectively.