little exposure to distressed property investments

beautifulmind

Senior Member
Chinese
The current economic crisis hit South Korea later than other countries because its banks had little exposure to distressed property investments in the U.S. But South Korea was slapped hard when the banking crisis turned into an economic one, leading to job losses and lower consumer spending in the U.S. and Europe.
How should I understand the phrases in bold?
 
  • Starfrown

    Senior Member
    English - US
    You might think of "distressed property investments" as "troubled property investments"--I think he's talking about bad housing/property loans and associated problems.

    "had little exposure to" = "were not exposed much to" =(roughly) "didn't have much to do with"
     

    danjr89

    Member
    USA
    English - USA
    The banks in South Korea had little exposure to (they were unfamiliar with) distressed property investments (distressed property - basically cheap real estate).
     
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