finbarr flynn: yes indeed.problem goes back to the flesh of cheap cash that was around the globe after the global financial crisis. so in korea, as in many parts of the world, with interest rates near zero or else, -- zero or less, the cash had to go somewhere, and it went into these more riskier projects in and outside of seoul. it has culminate -- come a bit undone as rates in korea and much of the world have gone up. paul: how serious are these issues, and what are market participants expecting here? finbarr: to date, the government has done a pretty good job of keeping stuff intact, but the worry is that in the second half, now that elections are out of the way, that they will have to take a stricter stance on all these issues. so the baseline is that people are hoping, expecting a soft landing. but the seriousness of the situation cannot be underestimated. this could force the bank of korea to cut its rates more than it would wish you could also impinge on growth in the second half, so we have to keep an e