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Gov t to navigate soft landing of real estate project financing market

Gov t to navigate soft landing of real estate project financing market
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.

KAMCO shares 60 years of expertise on distressed asset management

No of foreclosed homes to be auctioned quadruples due to high borrowing costs

The number of home-backed non-performing loans referred for public auctions nearly quadrupled last year, due to sustained high borrowing rates brought on by rapid monetary tightening after the pandemic, data showed Thursday. A loan is non-performing if interest payments are 90 days past due and therefore considered unlikely to be repaid.

No of foreclosed homes to be auctioned quadruples due to high borrowing costs

The number of home-backed non-performing loans referred for public auctions nearly quadrupled last year, due to sustained high borrowing rates brought on by rapid monetary tightening after the pandemic, data showed Thursday. A loan is non-performing if interest payments are 90 days past due and therefore considered unlikely to be repaid.

Non-bank lenders unnerved by growing exposure to construction, property debts

A growing number of credit cooperatives and insurers are increasingly exposed to insolvency risks associated with borrowers in the construction and real estate industries, in what could become a full-blown series of defaults by small .

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