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NPL Investment in Tmark Grand Hotel Myeongdong Non-performing loan (NPL) investment companies have invested in the loans for Tmark Grand Hotel Myeongdong in Seoul. Hana F&I, Yuamco (Yonhap Asset Management), and Kiwoom F&I invested in real estate mortgage loans worth KRW 138 billion for Tmark Grand Hotel Myeongdong via a loan bond fund set up by Vogo Fund Asset Management. Hana F&I invested KRW 63 billion, Yuamco KRW 45 billion, and Kiwoom F&I invested KRW 30 billion, respectively, with an interest rate of around 12% and a maturity of one year. Hana Alternative Investment Asset Management acquired Tmark Grand Hotel Myeongdong for KRW 213.2 billion through a fund set up […]
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