Go to Contents Go to Navigation

S. Korea recoups nearly 70 pct of bailout funds

All News 15:37 December 20, 2019

SEOUL, Dec. 20 (Yonhap) -- South Korea has recouped 69.2 percent of the public funds it spent to bail out troubled financial and other firms since the 1997-1998 Asian financial crisis, the financial regulator said Friday.

South Korea retrieved 116.8 trillion won (US$100.5 billion) out of the 168.7 trillion won in state funds spent to salvage financially shaky firms from bankruptcy as of the end of September, according to the Financial Services Commission.

The recovery rate marks a slight rise from the 68.9 percent recorded at the end of 2018, the FSC said.

S. Korea recoups nearly 70 pct of bailout funds - 1


Issue Keywords
Most Liked
Most Saved
Most Viewed More
Send Feedback
How can we improve?
Thanks for your feedback!