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S.Korea watchdog says more real estate loans may turn sour

Posted on 20 May 2011

South Korea’s financial supervisor said additional real estate project financing loans might go sour due to the prolonged slump in the property market.
The Financial Supervisory Service (FSS) said in a statement that 18 domestic banks held 6.7 trillion Korean won ($6.16 billion) in distressed real-estate project financing loans at end-March, up from 6.4 trillion won at the end of December……………………………………….Full Article: Source


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