(RTTNews) – South Korea’s government indefinitely delayed policy measures intended to stimulate the property market, reports said Wednesday. These measures were due to be announced on Thursday.

More reviews regarding the possible impact of planned policies are required, Minister of Land, Transport and Maritime Affairs Chung Jong-hwan told reporters after meeting policy makers. The minister said policy makers were unable to reach an agreement on easing mortgage rules.

Policy makers were expected to relax the debt-to-income ratio rule, which limits the amount of home-backed loans to borrowers’ income. Reports said the Land Ministry wanted regulations on mortgage lending eased. But the Finance Ministry and the Financial Services Commission do not want any change.

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