[Korea before lower cervical financial newspaper reporter] jeongeunbo Finance Committee vice "will sell the bad loans that finance public sector Mijin the professional organization to unify and manage the camcorder 'non-performing loans is adjusted quickly and be subject to cleanup' said he said.
Vice jeongeunbo told reporters six days held a conference for the promotion 'financial public sector non-performing loans management system improvements.
Meanwhile, public financial institutions have been holding their own bad loans and problematic, but managed to recover not yet occurred insufficient to support a debtor properly.
In order to activate autonomous institution debt adjustment and debt restructuring would require a guidance system and build an online application channel.
For vulnerable small debt introducing a 'fast-track debt restructuring (Fast-track) system, and is expected to strengthen the debt principal reductions, including adjustments related to system improvement, long-term repayment period of expansion.
Interest will be exempt from the strengthening of the accident and unemployment schemes, such as the introduction borrower repayment grace is the grace period and repayment difficult.
Induced public institutions when evaluating management's performance and debt restructuring distressed debt reflect the financial performance public authorities to organize and manage actively the debt collection and will also raise employee indemnity basis.
Depreciation is also embodied an ambiguous reference.
Public financial institutions frequently tend to have long-term rather than long-term arrears are amortized in a timely manner when vague amortization basis without possibility of recovery. Bank financing, while public institutions are amortized within one year of arrears has been spent from 3 to over 10 years in the amortization institution. Accordingly, if the debtor is not a debt write-off credit debt restructuring recovery committee has been the effect of debt restructuring antipathy is not a principal reduction. Receivable management costs have been continuously generated by inefficiencies caused.
Public financial institutions, but with the debt restructuring scheme itself many cases, debtors have extended the statute of limitations does not know is also customary to bond without recovery silik such vulnerable groups.
Therefore FSC is planning to embody the vague and abstract amortization basis.
If recovery is not possible, there is no recovery there silik add the specific criteria for more than one year has elapsed after the subrogation or bond purchases. However, if you have more than a certain amount of wealth that has already been finalized and the debt restructuring agreement includes plans to adjust the detailed criteria.
The bonds will be amortized in principle to sell the camcorder, unified management.
Credit Guarantee Fund, Technology Finance, Housing Finance Corporation, the Korea Deposit Insurance Corporation, including individual bonds are amortized amortized bonds sold in stages occurring each year from this year will be held once a year for regular sale.
The above financial institution underwent major improvement from the third quarter of this year amortized bond sale camcorder is planning to implement the first sale of the second half of the year.
Public financial institutions integrate non-performing loans statistical system plans to build by the end of the year.
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