Tag - while meeting with senior officials from local lenders in Seoul on Friday

BOK chief warns about adverse effects of state-led restructuring

Bank of Korea Gov. Lee Ju-yeol, while meeting with senior officials from local lenders in Seoul on Friday, warned about possible problems that may stem from corporate restructuring, including a credit crunch and increased losses for local banks. “There is a possibility that conditions for banks may further worsen once the drive for restructuring really gets under way. There also is the possibility of a credit alert being raised in the process of restructuring, and therefore banks need to pay [...]

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