South Korea’s Financial Services Commission expands incentives for lenders to join the New Leap Fund, allowing bank borrowing and flexible sales of delinquent loans, as the fund acquires an additional 8 billion won ($6.1 million) in distressed assets.
#YonhapInfomax #FinancialServicesCommission #NewLeapFund #DelinquentLoans #LendingCompanies #BankBorrowing #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92781

Kamco will write off up to 5.9 trillion won ($4.5 billion) in long-term delinquent loans and overhaul statute of limitations rules to better protect vulnerable borrowers.
#YonhapInfomax #Kamco #DelinquentLoans #StatuteOfLimitations #DebtWriteOff #InclusiveFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89060

South Korea will launch a "bad bank" in October to buy and write off long-term delinquent debts for vulnerable groups, with the Financial Services Commission set to announce detailed plans in Q3.
#YonhapInfomax #BadBank #FinancialServicesCommission #KAMCO #DebtRestructuring #DelinquentLoans #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71765

South Korea’s financial regulator has extended the deadline for banks and other institutions to resubmit expanded data on delinquent loans, a key step toward launching a bad bank and shaping future debt restructuring policies.
#YonhapInfomax #FinancialSupervisoryService #DelinquentLoans #BadBank #NonPerformingLoans #DebtRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=69183