Risky PF loans fall in Q2: watchdog
SEOUL, Oct. 13 (Yonhap) -- Outstanding loans extended to risky real estate devel...
On October 13, the Financial Supervisory Service (FSS) reported a decline in risky loans extended to real estate development projects in the second quarter. The outstanding PF loans, classified as high-risk, amounted to 15.1 trillion won ($11.3 billion) by the end of June, a decrease from 16.4 trillion won at the end of March. This represents a 9% share of total financial institution exposure to real estate development, down from 9.6% at the end of March and 169.8 trillion won in the previous quarter.
The FSS also stated that the remaining risky PF loans will undergo restructuring. PF loans have been a significant concern in the financial market since late 2023, with fears that increasing defaults could negatively impact financial institutions and market stability.
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Also reported by 1 other outlet
- Risky PF loans fall in Q2: watchdog koreatimes.co.kr
