Bank of Korea Governor: “There is a need to be thoroughly prepared for the possibility of financial instability that can arise as tightened policy continues”

He cited doubts about the integrity of commercial real estate loans in major countries and a mid-sized local developer that was forced to restructure its heavy debt load as some of the warning signs for the economy.
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“We need to pay particular attention to make sure credit risks do not grow around what is a weak link in our economy.”

www.reuters.com/markets/rates-bonds/bank-koreas-rhee-eyes-warning-signs-prolonged-monetary-tightening-2024-01-01/

h/t mark000