To avert mortgage implosion, South Korea turns to covered bonds

Eager to dig homeowners out from under a US$374 billion mortgage mountain, South Korea is moving to let its banks start selling securities similar to those at the centre of the 2007 US housing crisis.

via Business feed http://www.scmp.com/business/banking-finance/article/1130060/avert-mortgage-implosion-south-korea-turns-covered-bonds