Drawing from the experience of the four "bad Banks", compared with the transfer of non-performing assets, the debt to equity can make the recovery rate of Banks' bad debt rise by nearly 10%.

以四大坏账银行的经验看，与转让不良资产相比，债转股可令银行不良资产回收率提高近10%。

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Not by coincidence, pulling that land off the market will also enhance the value of parcels still in the banks' hands, aiding their recovery from their bad-debt woes.

ECONOMIST: Japanese property

Credit-card-fuelled consumer spending played a significant role in South Korea's economic recovery but left a legacy of bad debt.

BBC: NEWS | Business | Korean lender wins bailout deal