00:03korea's top story today isn't just a housing story it's a signal about where the economy is
00:09heading rental deposits are rising yet support for young renters is shrinking new housing
00:15guarantees for young tenants fell more than 22 percent and bank jones day support for people in
00:22their 20s and early 30s dropped 30 percent it's wednesday november 11th let's get into one of
00:28korea's top economic stories today most young koreans rent through jonsei a lump sum deposit
00:35system that usually requires a guaranteed loan the korea housing finance corporation offers special
00:42guarantees to homeless renters aged 39 and under new data from the office of lawmaker park sung hun
00:49shows that support is contracting fast here's what the numbers show 16 277 new youth guarantees
00:58were issued through september down 22.4 percent from a year earlier guarantee value fell 16.1 percent
01:08from 1.92 trillion won to 1.61 trillion won about 1.2 billion dollars general jones day guarantees for
01:18renters aged 19 to 34 dropped 30 percent tighter loan screening is driving the decline it comes as
01:26listings fall and deposits climb separately license suspensions for korean doctors hit a five-year high
01:34with 34 rebate related cases in the first half alone so what does this mean for readers watching korea's
01:42economy earlier we said support for young renters is shrinking here's what that actually means for you
01:49credit tightening is now landing hardest on the generation already priced out of buying whether
01:56regulators e-screening for youth guarantees before year end monthly jones say deposit data for soul
02:03any push in parliament to restore guarantee limits that's today's ai prism front page daily this episode
02:11was produced with ai assistance based on soul economic daily reporting and reviewed by a human editor
02:18ai prism is a want e for award-winning series we'll be back tomorrow
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