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Korean real estate trust firms have lent 9.5 trillion won of their own money to troubled building projects
Fourteen Korean real estate trust firms had lent 9.52 trillion won of their own money to troubled building projects by mid-year, up 6.1% in six months. Regional builders that cannot meet project-finance guarantees are passing the losses to these firms, so part of Korea's construction bust now sits on lenders' books.
Publishers:en.sedaily.com
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