Seoul to Unveil Property Debt Measures Next Week
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Residential apartment buildings seen from the rooftop of the Lotte Corp. World Tower in Seoul.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
South Korea plans to announce measures for troubled project-finance debt next week in an effort to ease the stress in banking and real estate businesses, according to the nation’s financial watchdog chief.
The government will roll out a normalization plan for project financing sites as restructuring shouldn’t be delayed any further, Lee Bokhyun, governor of the Financial Supervisory Service, said in a meeting with foreign press on Thursday.