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[Apha Biz=(Chicago) Reporter Paul Lee] At the end of last month, the construction company's real estate project financing (PF) contingent debt amounted to 22.8 trillion won, up nearly 30% from 18 trillion won at the end of June last year.
As a result, losses in real estate project financing (PF) by local securities firms, which are due in the first half of next year, are expected to reach up to 2.8 trillion won.
Chung Hyo-seop, a senior researcher at the Korea Institute of Corporate Evaluation, released the results of his analysis of the PF status of 23 companies, including eight super-large securities firms with equity capital of more than 4 trillion won, at a seminar held at the Korea Exchange on the 18th.
After analyzing the scenario based on the default rate and recovery amount by workplace, the PF loss of all securities firms was expected to be between 2.3 trillion won and 4.1 trillion won.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
