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Gov't to navigate soft landing of real estate project financing market

Gov't to navigate soft landing of real estate project financing market
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Soult Ukpyolsi , South Korea , Kwon Dae Young , Korea Asset Management Corp , Financial Supervisory Service , Financial Services Commission , Government Complex , Government Complex Seoul , Korea Asset Management ,

No. of foreclosed homes to be auctioned quadruples due to high borrowing costs

The number of home-backed non-performing loans referred for public auctions nearly quadrupled last year, due to sustained high borrowing rates brought on by rapid monetary tightening after the pandemic, data showed Thursday. A loan is non-performing if interest payments are 90 days past due and therefore considered unlikely to be repaid. ....

South Korea , Korea Asset Management Corp , Supreme Court , Korea Asset Management ,

No. of foreclosed homes to be auctioned quadruples due to high borrowing costs

The number of home-backed non-performing loans referred for public auctions nearly quadrupled last year, due to sustained high borrowing rates brought on by rapid monetary tightening after the pandemic, data showed Thursday. A loan is non-performing if interest payments are 90 days past due and therefore considered unlikely to be repaid. ....

South Korea , Supreme Court , Korea Asset Management Corp , Korea Asset Management ,

Non-bank lenders unnerved by growing exposure to construction, property debts

A growing number of credit cooperatives and insurers are increasingly exposed to insolvency risks associated with borrowers in the construction and real estate industries, in what could become a full-blown series of defaults by small . ....

South Korea , Soult Ukpyolsi , Yang Kyung Sook , National Assembly Strategy , Democratic Party Of Korea , Korea Asset Management Corp , Taeyoung Engineering , Korea Asset Management , Democratic Party , Finance Committee , Savings Bank , South Korea , He Korea Times , Orea Times , Orean News In English ,