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

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

Soult Ukpyolsi , South Korea , United States , Kangwon Do , Ma Tieying , William White , Anushka Shah , Rhee Chang Yong , Nouriel Roubini , International Monetary Fund , Heungkuk Life Insurance Co , Gangwon Corp , Moody Investors Service , International Settlements , Bloomberg Television , America Corp , Group Holdings Ltd , Gangwon Governor Kim Jin Tae , Gangwon Jungdo Development , Korea Governor Rhee Chang Yong , Merlin Entertainments , Han Man Jae , Governor Kim , Heungkuk Life Insurance , Odd Lots ,

Era of easy money ends for South Korea

South Korea’s Legoland is an unlikely poster child for the global struggle to fight inflation while maintaining financial stability.But a default on 205 billion won (US$155mil or RM682mil) worth of debt by the theme park’s developer triggered the worst meltdown in South Korea’s credit market since the global financial crisis. And as interest-rate hikes batter real estate markets around the world, it’s a reminder that even relatively safer financial systems like South Korea’s face threats of contagion. ....

Soult Ukpyolsi , South Korea , United States , Kangwon Do , South Korean , Ma Tieying , William White , Sam Kim , Kyungji Cho , Rhee Chang Yong , International Monetary Fund , Gangwon Corp , International Settlements , Bloomberg Television , Group Holdings Ltd , America Corp , Kim Jin Tae , Gangwon Jungdo Development , Korea Resort , Merlin Entertainments , Legoland Korea Resort , Han Man Jae ,