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Struggling Korean builders face high funding costs
Weaker firms locked out of domestic bond markets as investors stay away
Published Mon, Feb 17, 2014 · 10:00 PM
[HONG KONG] South Korea's troubled construction sector is under pressure to find alternative sources of funding after a flight to safety in the country's domestic debt market.
Its builders have had to deal with lower real estate prices, a weak economy and slow momentum on overseas projects, and many are in desperate need of funding.
The weaker…
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