Reuters exclusively reported that South Korea’s financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer withdrawals.
Business & Finance
South Korea asks banks to prepare $4 billion to support credit union
10 July 2023, 5:23 pm 1 minute
Market Impact
Sharply rising interest rates and a cooling property market have raised concerns about the potential impact on Asia’s fourth-largest economy.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: South Korea
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
