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Credit crunch crisis looming for builders

The local construction industry is bracing for a series of bankruptcies at builders in a much-dreaded chain reaction prompted and exacerbated by widespread project financing (PF) failures over the past few months, industry watchers said Sunday. PF is the financing of long-term infrastructure, industrial projects and public services using limited recourse financing scheme. The debt and equity used to finance the relatively high-risk projects are paid back from the cash flow generated by the proje...
Kyongsang Namdo South Korea Pusan Gwangyoksi Kangwon Do Korea Information Service For Construction Construction Association Of Korea

President Yoon to make last-minute decision on who to be pardoned

President Yoon Suk-yeol is pondering over a list of people to be pardoned. Among others, Yoon was recommended to pardon former President Lee Myung-bak and former South Gyeongsang Province Governor Kim Kyoung-soo. Unlike Lee who was recommended to be pardoned along with reinstatement, if the justice ministry committees decision is accepted, Kim will be released on parole.
Kyongsang Namdo South Korea Yoon Suk Yeol Ahn Gwi Ryeong Jang Dong Hyuk Kim Kyoung Soo

Cambodia, South Korea hail progress on bilateral trade, economic relations

The Cambodian commerce minister and outgoing South Korean ambassador on December 20 exchanged congratulations over the $659 million in bilateral trade posted for the January-October period โ€“ marking a four-per-cent on-year uptick โ€“ and discussed the future of economic relations
Republic Of Kyongsang Namdo South Korea South Korean Pan Sorasak Ky Sereyvath

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Cambodia, South Korea hail progress on bilateral trade, economic relations

The Cambodian commerce minister and outgoing South Korean ambassador on December 20 exchanged congratulations over the $659 million in bilateral trade posted for the January-October period โ€“ marking a four-per-cent on-year uptick โ€“ and discussed the future of economic relations between the two countries, according to the ministry.
Republic Of Kyongsang Namdo South Korea South Korean Pan Sorasak Ky Sereyvath

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