✉news BusinessFinance first seen 6 h ago, last 4 h ago, peak #19
Korea Housing Finance Corporation's Unrecovered Jeonse Guarantees Near 2 Trillion Won
South Korea's Korea Housing Finance Corporation is reported to hold close to 2 trillion won in unrecovered jeonse rental guarantees. The figure highlights continued strain in the jeonse system, where tenants deposit large lump sums and guarantors face losses if homes are not returned. Attention is turning to the scale of the corporation's exposure and what it means for housing market risk.
Why now: Rising unrecovered jeonse guarantee amounts signal potential financial and housing market risks in South Korea.
Korea Housing Finance CorporationSouth Korea
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Evidence
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