SEOUL : South Korea's financial market watchdog gathered local securities firms on Thursday to assess real estate-related risks and urged for thorough and preemptive preparation against them amid concerns the number of overdue loans could rise.The Financial Supervisory Service (FSS) called on the firms, w
SEOUL : South Korea's financial market watchdog gathered local securities firms on Thursday to assess real estate-related risks and urged for thorough and preemptive preparation against them amid concerns the number of overdue loans could rise.
Earlier this month, a local credit union was hit by customer withdrawals after media reports about a rise in its non-performing loans related to real estate projects, sparking worries about a liquidity shortage at the union and other financial institutions.
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