South Korea plans measures for an "orderly soft-landing" of real estate project-finance debt due to rising delinquency rates.
South Korea plans to implement measures for an "orderly soft-landing" of its real estate project-finance debt amid rising delinquency rates, which threaten the economy. The government will refine criteria to identify unviable developments for restructuring. Real estate project finance debt poses a risk to local financial markets, with an estimated 111 trillion won ($81 billion) of troubled debt.
May 13, 2024
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