South Koreas bad debt least three times than they have originally reported, lending by non-depository institutions continues to be brisk, risks are on the downside, the main near-term risks are external, sharply slower growth in Korea’s main trading partners in question or severe market stress, with a significant private debt overhang, key domestic risks are weak domestic demand and, over time, lower potential growth weak bank profits, debt owed by fragile households and corporations, ongoing labour rights violations and strikes and foreigner disorianated unreliable business environment with significantly low ethical standard.
Posted on: Sun, 23 Mar 2014 21:21:43 +0000
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