Autor:	Cho, Kyungji
Předmět:	REAL property DEBT
Zdroj:	Bloomberg.com; 5/12/2024, pN.PAG-N.PAG, 1p
Abstrakt:	South Korean authorities have announced measures to manage the increasing delinquency rates of real estate project-finance debt in order to prevent it from negatively impacting the economy. The government plans to refine the criteria used to evaluate the feasibility of real estate projects and identify which ones are viable. Economists estimate that around $81 billion of project finance debt in South Korea is currently "troubled." The authorities aim to expedite the restructuring of unfeasible projects and avoid any potential financial crisis in the construction and finance sectors. [Extracted from the article]
Databáze:	Complementary Index
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