DGB Life eyes distressed debt despite rules uncertainty
The looming regulation on the classification of debt may prove unfavourable for distressed assets, but the Korean insurer remains unfazed.
The number and the scale of distressed asset opportunities will undoubtedly increase due to the Covid-19 pandemic. But what is not so certain is how the looming red tape in Korea will impact investors’ appetite for such assets.
Speaking to AsianInvestor in an exclusive interview, Jeong Seung-Ki, manager of asset management at DGB Life insurance, said the uncertainty around the accounting treatment of non-performing loans under the upcoming K-Insurance Capital Standards (K-IC…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.