Global real estate market pessimism hampers economic growth investments.

The central bank and Yoon Suk Yeol’s government provided approximately $100 billion to the credit and property markets to prevent credit union problems.

The run on some credit cooperatives “represents a complete failure by the government and financial regulators to monitor their credit risks,” according to Dongguk University assistant economics professor Park Sunyoung.

The Korean Federation of Community Credit Cooperatives expects its September-November delinquency rate to drop because it’s selling loans to professional debt collection companies and tightening loan qualification review.