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S.Korea’s ABCP market faces growing risks on real estate slump

Posted on 26 October 2012

South Korea’s asset-backed commercial paper (ABCP) market may face growing risks of default in accordance with the real estate market slump, a report by the central bank showed Thursday.
According to the report by Bank of Korea (BOK)’s economists, real estate-linked project financing (PF) loans in Seoul have high probabilities for becoming sour as the loans depend completely on the projected cash flows from the real estate development projects………………………………………..Full Article: Source


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