‘New Money’ to Be Invested in PF Business Sites with Proven Business Feasibility Financial authorities have decided to only inject new funds into real estate project financing (PF) businesses that have proven business feasibility and can be revived. Five commercial banks, including Kookmin, Shinhan, Hana, Woori, and Nonghyup, and five insurance companies, including Samsung Life Insurance, Hanwha Life Insurance, Meritz Fire & Marine Insurance, and Samsung Fire & Marine Insurance, and DB Insurance will raise funds for a syndicated loan worth KRW 1 trillion next month. Depending on market conditions, the total loan size may be increased to up to KRW 5 trillion, and funds will be invested […]