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The government must do its utmost to prevent the insolvency of PF loans from spreading across the financial sector.
The criterion for determining insolvency is whether the payment is overdue. But when interest is not received, let alone the principal, insolvency cannot be confirmed.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun continued to warn banks not to get greedy as interest rates rise.
Bank of Korea warned that rising rates may lead to an increase in personal and corporate insolvencies
Korea JoongAng Daily Sitemap