South Korea said in March it will start a 1.5 trillion-won fund - TopicsExpress

South Korea said in March it will start a 1.5 trillion-won fund over five years to help low-income borrowers restructure defaulted loans as part of President Park Geun Hye’s promise to ease consumer debt burdens. Standard Chartered position and financial strength in Korea can be seen in this case even with government impose debt restructuring for client Standard Chartered posted only a 5 percent decline.

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