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South Korean Finance Minister Choi Kyung Hwan (L) reportedly said offering financial aid to unprofitable overseas projects could lead to insolvency. (Photo by Handout / Getty Images)

Dec 08, 2015 PM EST - Diana Tomale

South Korea's Financial Institutions To Increase Scrutiny Before Providing Financial Aid To Local Companies With Large-Scale Overseas Projects

State-run banks in South Korea will examine the profitability of local companies that has large-scale overseas projects before offering them with financial aid.

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