For KOSAF, the government continues to provide guarantees for almost all of its debt, significantly increasing the government's incentive to support unguaranteed debt instruments due to the associated reputational risk for itself.
For KOSAF, the government continues to provide guarantees for most of its debt, which would significantly increase the government's incentive to support unguaranteed debt instruments due to the reputational risk to the govt in the event of a default by the institution.