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Government vows more cash to cushion Taeyoung E&C fallout

The South Korean government said Friday that it will put utmost efforts into minimizing the fallout from Taeyoung Engineering and Construction's debt-restructuring program, amid growing concerns that it could lead to liquidity constraints across the industry. “The creditors, led by the main lender, Korea Development Bank, plan to discuss ways to normalize Taeyoung E&C's business while adhering to ...

South-korea , Korea , South-korean , Financial-supervisory-service , Korea-development-bank , Taeyoung-group , Gangwon-jungdo-development-corp , Taeyoung-engineering , Finance-minister-choi-sang-mok , Gangwon-jungdo-development , Korea-housing

Exclusive-South Korea asks banks to prepare $4 billion to support credit union - sources

SEOUL: South Korea's financial services regulator has asked major commercial banks to prepare around US$4 billion in financing to support a credit cooperative hit by customer withdrawals, two banking sources familiar with the matter said on Monday (Jul 10). An official at the Financial Services Commission

Namyangju , Kyonggi-do , South-korea , Seoul , Soult-ukpyolsi , South-korean , Kim-jin-wook , Shinhan-bank , Woori-bank , Mg-community , Financial-services-commission

South Korea asks banks to prepare $4 bln to support credit union

South Korea's financial
services regulator has asked major commercial banks to prepare
around $4 billion in financing to support a credit cooperative
hit by customer withdrawals, two banking sources...

Seoul , Soult-ukpyolsi , South-korea , Namyangju , Kyonggi-do , South-korean , Ed-davies , Edmund-klamann , Kim-jin-wook , Jihoon-lee , Shinhan-bank , Financial-services-commission

Exclusive-South Korea asks banks to prepare $4 billion to support credit union

South Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer withdrawals, two banking sources familiar with the matter said on Monday. An official at the Financial Services Commission confirmed that banks had been asked to prepare liquidity through repurchase-agreement facilities to aid MG Community Credit Cooperatives, but did not comment on the amount. Depositors were lining up last week to withdraw funds from a branch of MG Community Credit Cooperatives after local media reported a rise in non-performing loans tied to real estate projects.

South-korea , Namyangju , Kyonggi-do , Seoul , Soult-ukpyolsi , South-korean , Jihoon-lee , Edmund-klamann , Kim-jin-wook , Ed-davies , Mg-community-credit-cooperatives , Mg-community

Exclusive-South Korea asks banks to prepare $4 billion to support credit union – sources

By Seunggyu Lim SEOUL (Reuters) - South Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financin...

Namyangju , Kyonggi-do , South-korea , Seoul , Soult-ukpyolsi , South-korean , Jihoon-lee , Ed-davies , Kim-jin-wook , Edmund-klamann , Shinhan-bank , Kb-kookmin-bank

Exclusive: South Korea asks banks to prepare $4 billion to support credit union

South Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer withdrawals, two banking sources familiar with the matter said on Monday.

Namyangju , Kyonggi-do , South-korea , Seoul , Soult-ukpyolsi , South-korean , Kim-jin-wook , Edmund-klamann , Jihoon-lee , Ed-davies , Kb-kookmin-bank , Shinhan-bank

South Korea asks banks to prepare $4 bln to support credit union -sources

South Korea's financial
services regulator has asked major commercial banks to prepare
around $4 billion in financing to support a credit cooperative
hit by customer withdrawals, two banking sources...

Seoul , Soult-ukpyolsi , South-korea , Namyangju , Kyonggi-do , Korea , South-korean , Joyce-lee , Kim-jin-wook , Jihoon-lee , Jason-neely , Edmund-klamann

South Korea asks banks to prepare $4bln to support credit union -sources

South Korea asks banks to prepare $4bln to support credit union -sources
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South-korea , Seoul , Soult-ukpyolsi , Namyangju , Kyonggi-do , South-korean , Korea , Edmund-klamann , Jihoon-lee , Kim-jin-wook , Jason-neely , Joyce-lee

Easing market turmoil, credit risk crucial for new head of financial association

Seo Yoo-seok, the new head of the Korea Financial Investment Association (KOFIA), is tasked with alleviating the ongoing stock market turmoil and lingering risks surrounding the liquidity crunch in the real project financing market. The former leader of Mirae Asset Global Investments will take office as the sixth chairman of the association from the start of 2023 with a three-year tenure. Seo made headlines as he is the first to take the position from the asset management industry.

Seoul , Soult-ukpyolsi , South-korea , Gangwon , Kangwon-do , Korea , Seo-yoo-seok , Courtesy-of-korea-financial-investment-association , Gangwon-jungdo-development-corp , Korea-financial-investment-association , Korea-financial-investment

This Legoland is a cautionary tale as an era of easy money ends

Korea 'is absolutely a canary in the mine shaft'.

China , Seoul , Soult-ukpyolsi , South-korea , United-states , Gangwon , Kangwon-do , Han , America , Korea , Ma-tieying , William-white