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| 이복현 금융감독원장 (사진=연합뉴스) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Regarding the real estate project financing (PF) project, Lee Bok-hyun, head of the Financial Supervisory Service, said, "We will closely monitor the risk of workplaces becoming insolvent due to rising financial costs," stressing, "We will quickly clean up and restructure insolvent workplaces to induce a virtuous cycle of funds into the productive sector."
Director Lee presided over a "financial situation inspection meeting" at the FSS headquarters in Yeouido, Seoul, on the 4th and said, "Please thoroughly manage potential risk factors stemming from prolonged high interest rates and establish a close response system while being wary of the market's expectations of excessive interest rate cuts."
"Since financial companies' investment in overseas real estate is heavily affected by the continuation of high interest rates, we will encourage them to strengthen risk management by recognizing proper losses and expanding their ability to absorb losses," Director Lee said regarding concerns over the loss of alternative investment in overseas real estate in the financial sector.
With major international economic and political events such as U.S. employment indicators, the consumer price index (CPI) and the U.S. presidential race scheduled for this week alone, monitoring will be strengthened to prevent volatility in the domestic financial market.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
