Jaemyung Bank? Opposition lawmaker slams bank for cutting mortgage limit

Rep. Ahn Cheol-soo of the main opposition People Power Party on Monday slammed KB Kookmin Bank for lowering the cap on mortgage lending, accusing it of following government policies at the cost of harming the public. “KB has cut off the people’s financial lifeline and betrayed them. It doesn’t deserve to carry the name ‘Kookmin,’” Ahn wrote on his Facebook page. “It would not be unreasonable for the bank to change its sign to ‘JM Jae-myung Bank’ instead.” The Korean word “kookmin” literally tran