Mortgage rate: 5.95% (0.25 % cut from 6.20%) - If the borrower assumes the expense for registering the mortgage and interest rate discount option fee, the mortgage rate could be as low as 5.75%. - If the borrower is eligible for a taxable income reduction with the expected effect of lowering mortgage rate by 1%, the effective mortgage rate could be just slightly over 4% Effective date: November 19th Mortgage: loans to be originated on November 19th and afterwards - Reason for mortgage rate cut To reflect the downward trend in market interest rates - Expected effect of mortgage rate cut Lessen repayment burden for borrowers If the new mortgage rate is applied to a borrower who takes out a 20-year mortgage loan in the amount of 100 million won, the first year interest payment for that borrower will be 173,604 won lower.