SEOUL, March 23 (Reuters) - South Korea's financial
firms have a low contagion risk from troubles at U.S. and Swiss
banks, but some non-bank firms are facing increased stress from
the sluggish property market, its central bank said in a report
on Thursday.
South Korean banks have low exposure to risky assets and
have been under strict supervision, with the ratio of debt and
equity securities standing at 18% of total assets, compared with
57% at the recently bankrupt Silicon Valley Bank, it said.
The sluggish real estate market, however, poses an increased
risk for some non-bank financial firms as their exposure to
property development-linked lending rose sharply in recent
years, the Bank of Korea said in the scheduled report.
(Reporting by Choonsik Yoo; Editing by Christian Schmollinger)
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