A member of South Korea's largest opposition party said that the 20 trillion won overseas real estate investment of South Korea's five major financial institutions faced a loss of about 1 trillion won (about 749 million US dollars), reflecting growing concerns about the industry being affected by falling global valuations.
According to data from Yang Kyung-sook, a member of South Korea's largest opposition party, the Korea Asia Financial Group has invested the largest overseas real estate, exceeding 6.2 trillion won.
KB Financial Group's investment amount is 5.7 trillion won, and Shinhan Financial Group's investment amount is 4 trillion won. Woori Financial Group and Nonghyup Financial Group ranked fourth and fifth in overseas real estate investment, with investments of 2.3 trillion won and 2.1 trillion won, respectively.