A $136 Billion Pile of Korea Real Estate Loans Flashes Warnings
Credit cooperatives troubles are one of the most serious threats to the country’s markets
Welcome to The Brink. This is Daedo Kim in Seoul and Andrew Monahan in Tokyo, where we’ve been reporting on credit cracks flaring up in Korea. We also have the latest on Chinese developer Sino-Ocean and French grocer Casino. Follow this link to subscribe. Send us feedback and tips at dkim640@bloomberg.net or Tweet/DM to @andrewmonahan.
Fresh risks are flaring in the vast global market for real estate finance, this time with some 173.7 trillion won ($136 billion) of loans from so-called credit cooperatives in South Korea.