The Korea Asset Management Corp. (Kamco), the country's bad-debt clearinghouse, is keeping busy with several asset-backed securitizations in the pipeline.

The agency, charged with buying bad assets from the domestic financial sector, is planning to issue its next domestic asset-backed securitization in March, said a Kamco official. A group of fourteen domestic securities firms will bid at the end of February on the transaction, which will be backed by a pool of non-performing loans from six companies now undergoing restructuring.

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