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Shadow Banking Stress in South Korea Sends Warning to Global Investors

(Bloomberg) South Korea is emerging as a closely watched weak link in the $63 trillion world of shadow banking.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayRay Dalio’s Famous Trade Is Sputtering and Investors Are BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapTikTok to Remove Executive Tasked With Fending Off US ClaimsRussians Transform Dubai as They Flee Putin’s War: Photo EssayReal estate exposure has been showing cracks at home ....

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Korea Builder Gets Cash Infusion in Step Toward Creditor Terms

(Bloomberg) Distressed Korean builder Taeyoung Engineering & Construction won a cash infusion from its parent on Monday, bringing it a step closer toward fulfilling creditors’ demands ahead of a key deadline this week. Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Max Grounding Goes Global as Carriers Follow FAA OrderChina Says It Caught Foreign Consultant Spying for UK’s MI6TY Holdings said in a statement it injected 89 billion won ($67 million) into ....

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Korea Credit Risks Threaten Spillover as Builder Taeyoung Slides

(Bloomberg) A Korean builder whose plan to restructure debt prompted a rating agency to warn of spillover risk slid on Thursday, fueling concerns in a nation on alert for crises in project finance.Most Read from BloombergConfidential Jeffrey Epstein Documents Unsealed by New York CourtFed Sees Rates Staying High for Some Time With Cuts Eyed in 2024Saving the Panama Canal Will Take Years and Cost Billions, If It’s Even PossibleTech Stocks Log Four-Day Losing Streak, Bonds Rise: Markets WrapIra ....

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