Tag: project money

project money

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Apartment buildings are seen from Mount Nam in central Seoul on Sept. 18. [YONHAP]

Over 60 pct of risky PF loans restructured as of end-June: watchdog

Over 60 percent of loans extended to risky real estate development projects had been restructured through June via sell-offs or recapitalization, the financial watchdog said Thursday.

2025.9.25

Finance Minister nominee Choi Sang-mok speaks during a parliamentary confirmation hearing held at the National Assembly in western Seoul on Tuesday. [JOONGANG PHOTO]

Finance Minister nominee vows to tame record household debt

Finance Minister nominee Choi Sang-mok has pledged to facilitate a smooth resolution to the challenges in project financing and to stabilize Korea's record household debt, aiming to effectively manage any potential risks.

2023.12.19

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Finance Minister Choo Kyung-ho, center, outlines the government's plans on housing supply in a press briefing held at the government complex in central Seoul on Tuesday. [MINISTRY OF ECONOMY AND FINANCE]

Gov't looks to boost housing supply with more units, $14.8B investment

The government on Tuesday vowed to supply an additional 120,000 public units and raise finance programs for the housing market by 20 trillion won ($14.8 billion) to offset concerns around declining housing supply.

2023.9.26

Financial Services Commission Vice Chairman Kim So-young, center, speaks in a meeting held at the government complex in central Seoul on Tuesday. [FSC]

Real estate defaults deepen at brokerage firms

The default rate for real estate project finance loans at brokerage firms surpassed 17 percent as of June, according to the Financial Services Commission (FSC) on Tuesday.

2023.9.12

Entrance of the troubled Legoland in Chuncheon, Gangwon, on Monday. The government on Sunday announced a 50-trillion-won liquidity program to stabilize the bond market, unsettled by the default of debt related to the amusement park. [YONHAP]

Legoland Korea rocks debt markets and surprises government

Choo told the National Assembly that flooding the markets with support will not fuel inflation and that the government is not working at cross-purposes with the Bank of Korea, which is aggressively tightening monetary policy.

2022.10.24

Tag: project money

project money

Latest News

Over 60 pct of risky PF loans restructured as of end-June: watchdog

Finance Minister nominee vows to tame record household debt

Most popular

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Gov't looks to boost housing supply with more units, $14.8B investment

Real estate defaults deepen at brokerage firms

Legoland Korea rocks debt markets and surprises government