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| (사진=연합뉴스) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] In its earnings announcement on the 22nd, Meritz Financial Group said, "We expect overseas commercial real estate to stabilize from the end of this year or early next year," but added, "From a conservative perspective, we are preparing for an additional decline by the end of next year."
Meritz Financial Group's overseas real estate investment totaled 4.2 trillion won. Of the total, commercial real estate accounts for KRW 1.7 trillion. The holding company explained, "It reflected a loss of about 155.8 billion won in the fourth quarter of commercial real estate due to reduction and provisions." "The value of overseas commercial real estate has declined in the wake of high interest rates, and the downward trend will continue until interest rates turn around in the future," he predicted.
While monitoring the market value of real estate assets by transaction, reflecting market concerns, the company plans to reflect value changes in financial accounting transparently and quickly this year.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
