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Vortex of the Korean Financial Crisis

Douglas Kim

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ISBN 10: 1439267707 / ISBN 13: 9781439267707
Published by BookSurge Publishing
New Condition: New Soft cover
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About this Item

200 pages. Dimensions: 9.0in. x 6.0in. x 0.5in.Korea needs to brace itself for much higher interest rates in the coming years, driven by surging inflation and monetary expansion. The nearly thirty years of declining interest rates globally are near its final stages and, in the next few years, probabilities are quite high for rapidly rising interest rates. Korea faces enormous interest rate risk for the real estate sector, not just because that sector is so highly leveraged but also because so much of the real estate debt is short-term and floating-rate based. Korea needs to reduce its dependence on floating-rate interest payments, especially household loans, of which nearly 90 percent are currently represented by floating rates. Will Korea control its debt or will debt control Korea This is a question that is yet to be settled and an ongoing question that will remain central in Koreas efforts to spearhead the country out of this global economic crisis. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9781439267707

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Bibliographic Details

Title: Vortex of the Korean Financial Crisis

Publisher: BookSurge Publishing

Binding: Paperback

Book Condition:New

Book Type: Paperback

About this title

Synopsis:

Korea needs to brace itself for much higher interest rates in the coming years, driven by surging inflation and monetary expansion. The nearly thirty years of declining interest rates globally are near its final stages and, in the next few years, probabilities are quite high for rapidly rising interest rates. Korea faces enormous interest rate risk for the real estate sector, not just because that sector is so highly leveraged but also because so much of the real estate debt is short-term and floating-rate based. Korea needs to reduce its dependence on floating-rate interest payments, especially household loans, of which nearly 90 percent are currently represented by floating rates. Will Korea control its debt or will debt control Korea? This is a question that is yet to be settled and an ongoing question that will remain central in Korea’s efforts to spearhead the country out of this global economic crisis.

About the Author:

Douglas Kim is a native of Seoul, South Korea. Mr. Kim worked as a director of Crane Partners, a hedge fund specializing in investing in Korean companies. He also worked as a director at Corevest Partners and was head of the international equity research department at Korea Investment & Securities. Mr. Kim was also an analyst at ING Barings and CSFB in the equity research and mergers and acquisition departments. He has over thirteen years of experience in analyzing various industries and over ten years of experience in covering the Korean market. Mr. Kim received his B.S. degree in economics, with a concentration in finance, from the Wharton School of the University of Pennsylvania. Mr. Kim currently resides in Seoul, South Korea.

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