The financial risks prompted by the slowdown of the commercial real estate market in the US and elsewhere are now spilling over to South Korean banks at a worrying pace, suggesting that they are likely to incur great losses, partly due to their poor investment decisions. According to data from the office of Rep. Yang Kyung-sook of the main opposition Democratic, the country’s top five financial groups KB Koo.
The financial risks prompted by the slowdown of the commercial real estate market in the US and elsewhere are now spilling over to South Korean banks at a worrying pace, suggesting that they are likely to incur great losses, partly due to their poor investment decisions. According to data from the office of Rep. Yang Kyung-sook of the main opposition Democratic, the country’s top five financial groups KB Koo.